Apollo teams up with Samsung Securities to distribute alts products in Korea

Apollo Global Management has partnered with Korean brokerage Samsung Securities to expand its global alternative investment product distribution.

The $908bn (£662.8bn) alternative asset manager has signed a memorandum of agreement with the firm under which Apollo’s alternative investment products will be distributed to Samsung Securities’ customers, according to a report in South Korea’s Chosun Daily.

Samsung Securities said the partnership will broaden investment opportunities for clients and provide tailored solutions for both retail and institutional investors, improving access to overseas assets.

“The agreement with Apollo, which has proven capabilities in the global market, will be an important opportunity to introduce high-quality alternative investment products to domestic investors,” said Park Jong-moon, president of Samsung Securities. “We will continue to expand strategic collaborations with global top-tier asset management companies to continuously strengthen our alternative investment product supply capabilities.”

The partnership will also leverage Apollo’s investment and risk management expertise to offer alternative investment solutions to customers, said Samsung Securities.

“The partnership with Samsung Securities, which has a solid customer base in the Korean market, is a very meaningful turning point,” said John Zito, co-chief executive of Apollo. “We expect that Apollo’s principle-driven investment philosophy combined with Samsung Securities’ expertise will open new investment horizons in the private market for Korean investors.”