Mayer Group is Ready for Hong Kong
on: February 18, 2008, 4:10 pm
Release Author: Jonathan Spencer
Release Summary: The Davis Mayer Group, a leading South Korean financial
pioneer of new overseas markets, made a large purchase in the Bel-Air
Release Body: SEOUL, R.O.K., Businesswire, February 18, 2008.
bankers and real estate brokers in Central and Admiralty, Hong Kong's
central financial districts, are trying to figure out what a company
called the Davis Mayer Group is up to.
are still reeling from the shock they felt when the Davis
Mayer Group, a leading South Korean financial pioneer of
new overseas markets, made a large purchase in the area.
month the South Korean company bought a residential tower at near
Bel-Air Residence, a posh apartment complex in Pok Fu Lam west of
Hong Kong Island, for HK$930 million (about W110 billion, US$1=W909).
shock was understandable in that it was one of the few times any
South Korean financial firm has made a purchase of such size there.
The group's strategy in Hong Kong is aggressive.
we manage the assets, we plan to sell foreigners five funds on the
Hong Kong bourse soon," said Peter Mayer, partner
and chief executive officer of Davis Mayer Group.
the Hong Kong financial market is getting crowded with South Korean
companies are paying attention to the fact that the Hong Kong stock
market is booming with the rally of H shares, the shares put up
by Hong Kong-listed mainland Chinese companies, and they've noted
Hong Kong's attractiveness as the best gateway to the Chinese market.
last year, Woori Bank and Shinhan Bank
established investment banking firms in Hong Kong. Following them,
the Korea Money Brokerage Corp., Goodmorning
Shinhan Securities, Daishin Securities,
Samsung Investment Trust Management and the National
Agricultural Cooperative Federation have recently opened
local corporations or are preparing to do so soon.
Korea Development Bank, the Industrial Bank of
Korea, the Korea Exchange Bank and Korea Investment
& Securities have also sharply expanded their investment
banking and asset management capabilities in Hong Kong.
a result, the number of South Korean financial workers in Hong Kong
has more than doubled from what it was just three years ago.
a reemergence of the South Korean financial sector 10 years after
it collapsed in the wake of the Asian financial crisis of 1997.
is more urgent is the need for the South Korean government and financial
institutions to change their mindset
Davis Mayer Group is a market leader and expects nothing
but success with the Hong Kong Markets.
more information please send email inquiries to email@example.com
or visit our website.
Details: Davis Mayer Group, Inc.
Doosan Building, 10th Floor,
105-7 Nonhyun-dong, Gangnam-Ku,
Seoul 135-010 South Korea
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