Samsung insurers let go of asset management

Samsung Life and Samsung Fire & Marine to spin off in-house fund management to an affiliated investment trust company.
April 10, 2002

Samsung Life Insurance and Samsung Fire & Marine Insurance are planning to spin off management of their assets from in-house teams to affiliate Samsung Investment Trust Management Co (Samsung ITMC). Next month, Um Tae-jong, now head of international investment at Samsung Fire & Marine, is expected to move to Samsung ITMC to run the combined investment.

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