MSI changes named to KB Securities Vietnam

January 18, 2018 | 12:35

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Hanoi-based Maritime Securities Incorporation (MSI) has been officially renamed to KB Securities Vietnam (KBSV), in line with Decision No.07/GPDC-UBCK issued by the State Securities Commission.

Established in June 2008, KBSV became a member of Korea’s leading financial institution KB Financial Group (KBFG) on October 9, 2017, after KB Securities (a KBFG subsidiary) successfully took over 99.4 per cent of MSI’s holdings last year.

Together with the name and brand identity changes, KBSV will also upgrade all of its offices and facilities across the country in a bid to offer clients the best services and convenient trading. The launch of KBSV’s new logo and upgraded office is expected to take place in late January.


KBFG is bringing resources and expertise to the Vietnamese financial market

KBFG is known for its largest customer base and the most extensive branch network in Korea. KBFG’s key subsidiaries include KB Kookmin Bank (with a presence in Vietnam through its Ho Chi Minh City branch), KB Securities, KB Insurance, KB Card, and KB Capital.

In an earlier interview with VIR, then-CEO of MSI Mac Quang Huy noted that the acquisition has a significant impact on MSI as it is now effectively a foreign securities company operating in Vietnam. MSI will now have access to the financial, technical, and technological resources as well as global client base of KBFG and its local subsidiary.

“Together with the KB brand, we will be able to grow our business in Vietnam more quickly through more competitive products and better services,” Huy said at the time.

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