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Concerns over FSS leadership vacuum grows as presidential election approaches
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Retrogression to past
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NH Investment to provide full compensation for Optimus mis-selling
Posted : 2021-05-25 16:52
Updated : 2021-05-25 16:57 NH Investment & Securities CEO Chung Young-chae speaks during a press conference held at the firm s headquarters at the Yeouido financial district in Seoul, Tuesday. Courtesy of NH Investment & Securities
By Anna J. Park
NH Investment & Securities has decided to fully compensate its customers who lost money due to the brokerage company s mis-selling of troubled funds from Optimus Asset Management.
In a press conference, NH Investment & Securities said that it was finally decided at the company s board meeting earlier in the day to return 100 percent of the original principal paid by the victims, in order both to respect the order of the Financial Supervisory Services (FSS) and to implement customer protection to the fullest.
Johnny Wu, Former Cross Asset Solutions Head at Barclays, Joins Board of Optimal Asset Management
LOS ALTOS, CA / ACCESSWIRE / April 6, 2021 / Optimal Asset Management, a
SEC-registered investment advisor and manager of $2.4 Billion in Custom Portfolios assets utilizing its patented Direct Indexing software, announced today that Johnny Wu, former Cross Asset Solutions Head at Barclays, has joined the board providing guidance on business development opportunities.
Johnny Wu (pictured) joins Optimal Asset Management as a board member working closely with Optimal CEO and Founder, Vijay Vaidyanathan, and Ben Fulton, ETF industry veteran who joined the board in February. Wu brings 20 years experience in financial services with expertise in derivatives-based solutions. As prior Head of Cross Asset Solutions at Barclays, Mr. Wu led origination and distribution of risk recycling transactions, risk premia strategies, retailed structured products, and exchange traded products.
Johnny Wu, Former Cross Asset Solutions Head at Barclays, Joins Board of Optimal Asset Management
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