Phelps Capital of Hong Kong announces joint venture plans in South Korea

August 07, 2015 | August 2015 Bond Updates

Phelps Capital today announced that it will establish a joint venture in South Korea.

(1888PressRelease) HONG KONG - Phelps Capital, through the new entity, will be able to offer a wide range of investment services to domestic mainland Korean clients. The new joint venture will be in partnership with a recently established domestic wealth management firm.

Phelps Capital will have a wide range of services available including brokering and trading in 'A' shares and 'A' share convertible bonds.

Phelps Capital are expected to underwrite locally listed 'A' share transactions and RMB-denominated corporate bonds and convertible bonds, as well as offer domestic financial advisory and other services.

Phelps Capital's Chief Financial Officer, Mr. Yoshi Sato commented on the new venture saying "Korea has, for many years, been of great strategic importance to our firm. With this ground breaking joint venture, we are entering into an exciting new chapter for Phelps Capital in Korea. Together with our partners, we are looking forward to building the leading offshore investment firm in the Asia Pacific region."

Phelps Capital has a strong presence in Asia, with its Headquarters in Hong Kong's Kowloon district, and regional offices in Tokyo and Shanghai.

Phelps Capital Management was founded in Tokyo in 1995 providing investment management services for clients ranging from sovereign wealth funds to private investors. The company acquired several boutique brokerages, asset management and equity trading firms throughout the Asia-Pacific region during the last 20 years.

Deng, Matheson & Goh Investment Partners, known as DMG Investment, was founded in Hong Kong in 1988 with an initial focus on providing services to institutional clients within the territory. The company achieved considerable success and an outstanding reputation, to become a leading asset management firm with offices throughout the Asia-Pacific region.

In 2015, Phelps Capital Management merged with DMG Investment to become Phelps Capital.

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