Samsung Asset Management (Hong Kong) Limited (Hong Kong)

Name: Samsung Asset Management (Hong Kong) Limited
Address: Suite 4513 14, Two Ifc, Hong Kong
Telephone: 852 2115 6365

Samsung Asset Management (Hong Kong) Limited is a large advisory firm based in Hong Kong. It manages $2.24 billion of regulatory assets for 30 client accounts. It has been registered with the SEC as an adviser since 2017.

Samsung Asset Management (Hong Kong) Limited provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Samsung Asset Management (Hong Kong) Limited: assets under management

The assets under management (AUM) of Samsung Asset Management (Hong Kong) Limited is $2.24 billion. The firm's AUM has grown by 29% since the beginning of its operation, and $2.24 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.1 billion in discretionary accounts and $141.31 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $83.93 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $28.26 million.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Samsung Asset Management (Hong Kong) Limited for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Yousang Nmn Kim serves?

The firm provides services to other investment advisers, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Yousang Nmn Kim is pooled investment vehicles with 14 clients and $1.44 billion of assets under management. Among the 6 most similar advisory firms, Samsung Asset Management (Hong Kong) Limited has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.14 billion for 24 clients. 100% of the firm’s clients are foreign persons or businesses.

Samsung Asset Management (Hong Kong) Limited doesn't advise any private funds.

Careers at Samsung Asset Management (Hong Kong) Limited

The company employs 26 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Yousang Nmn Kim has been acting as President since 1 Apr 2013. Sungjin Park joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ltd. Samsung Asset Management Company	Shareholder	1 Nov 2007	75% - 100%	158319
Yousang Nmn Kim	Director	1 Apr 2013	Other	6183406
Yousang Kim	Director	1 Apr 2013	Other	6183406
Eui Suk Nmn Hong	Ceo, director	1 Sep 2014	Other	6737849
Eui Suk Hong	Ceo, director	1 Sep 2014	Other	6737849
Joyce Nmn Li	Cco	1 Oct 2014	Other	6737389
Joyce Li	Cco	1 Oct 2014	Other	6737389
David Byung Kom Nmn Lee	Cio	1 Jun 2015	Other	6737850
David Byung Kon Lee	Cio	1 Jun 2015	Other	6737850
Sungjin Nmn Choi	Cfo, coo, director	1 Oct 2016	Other	6737848
Sungjin Choi	Cfo, coo, director	1 Oct 2016	Other	6737848
Anthony Kam	Cco	1 Jun 2018	Other	6995722
Sungjin Park	Director	1 Mar 2019	Other	2554613

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Ltd. Samsung Life Insurance Co.	Shareholder	1 Aug 2004	75% - 100%	foreign

Based in Hong Kong

The principal office where Samsung Asset Management (Hong Kong) Limited performs its advisory services is located at Suite 4513 14, Two Ifc, Hong Kong, , which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 852 2115 6365 or by fax 852 2115 8720. The normal business hours are 08.30 to 17.30 on Monday - Friday. You can find more information about the New York firm at samsungetf.com.hk.