Goldman Sachs Asset Management (GSAM) has agreed to take over 100% of a South Korean asset management firm, Macquarie-IMM Investment Management, in a deal that will establish the U.S. investment bank’s presence in South Korea’s fast-growing money-managing market. Macquarie-IMM Investment Management is 65% owned by Macquarie Investment Management and 35% owned by South Korea’s IMM & Co. Terms of the deal were not disclosed.
Goldman Sachs Buys Fund Manager In Korea
Goldman Sachs Asset Management (GSAM) has agreed to take over 100% of a South Korean asset management firm, Macquarie IMM Investment Management, in a deal that will establish the U.S. investment bank's presence in South Korea's fast growing money managing