UBS sells 51% stake in UBS Hana Asset Management to Hana Securities
UBS today announced that UBS Asset Management has completed the sale of its 51% stake in UBS Hana Asset Management Company Ltd to Hana Securities.
The completion of the transaction follows the exercise of their buyout option.
The transaction has received all necessary local regulatory and other approvals and Hana Securities now owns 100% of the business.
Hana Securities is part of Seoul-based Hana Financial Group.