Hana Daetoo Securities, the investment banking arm of the Hana Financial Group (HFG) which owns Hana Bank, the third largest bank by asset value in Korea, selected Numerix to manage its trade capture and risk management requirements.
Hana Daetoo Securities will utilize Numerix Portfolio across their derivatives desk for trade capture and management, along with enterprise wide risk management of their derivatives positions via Numerix Portfolio’s extensive reporting and scenario analysis capabilities with calculations in a fast and efficient manner. Hana Daetoo’s trading desks will also utilize Numerix CrossAsset XL pricing and analytics solution for the structuring and issuance of new derivative products by the wide range of models for the Korean market.
The signing of Hana Daetoo is a direct result of Numerix’s new regional consulting – distribution partnership with Korean based STI CS Inc. “STI CS is also pleased to have played a strategic role in helping Numerix to secure its first client in the Korean region,” said Donnie Choi, President of STI CS, “The successful introduction and signing of Hana Daetoo represents a win for all three organizations.”
About Hana Daetoo
Hana Daetoo Investment Bank is the investment banking arm of the Hana Financial Group (HFG), Korea’s leading financial services group with broad assets holdings. Backed by the strength and stability of HFG, Hana IB offers a wide range of investment banking services for our clients, who look to us for sound advice and innovative solutions.For more information, please visit www.hanaib.co.kr .
About STI CS Inc.
STI CS Inc. is a leading solution provider to the Korean financial industry - providing global, leading-edge financial technology systems. It has been focusing on introducing Trading and Risk Management Systems and achieved a number of success stories in sales and marketing, implementation projects and maintenance and support. Its main business experience is with banks and securities companies, and customers include the top 10 banks in Korea. STI CS has over 20 years of experience in Financial Engineering and IT technology.
For more information, please visit www.stics.co.kr .