Bo-eun leads the digital content team. She has covered foreign affairs, North Korea, tech, economy and gender issues at The Korea Times. She did a short stint at the South China Morning Post in Hong Kong, where she obtained a new perspective on news production and life. Small sources of joy for her are lounging in the sun, having a good latte and swimming.
Deutsche Securities leaving Seoul bourse
By Kim Bo-eun
By Kim Bo-eun
Deutsche Securities will close its brokerage and research division, as part of global restructuring efforts, the company said Monday.
Deutsche Securities' subsidiary here concluded the matter at a board meeting last week. It will be finalized at a general shareholders' meeting Wednesday.
The subsidiary is set to focus on investment banking and fixed income, foreign currencies and commodities business.
The move comes as part of Deutsche Bank Group downsizing of its global brokerage business to save costs.
Earlier, Deutsche Bank stated it would exit its equity trading business while retaining a focused equity capital markets operation.
Deutsche Securities' subsidiary is also seen to have reflected bleak business prospects in the securities market here.
A number of major foreign finance firms have left in the past years.
Goldman Sachs Asset Management pulled out in 2012, and Fidelity International closed down its asset management business here in 2013.
Royal Bank of Scotland Securities ended its business in Korea in 2015.
JP Morgan Asset Management left in 2017 and UBS handed over shares and management rights of UBS Asset Management to Hana Financial Group the same year.