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Photo courtesy of Mirae Asset Securities |
[Alpha Biz= Paul Lee] Mirae Asset Securities has regained its first-tier status for domestic stock transactions with South Korea’s National Pension Service (NPS) after three years, while LS Securities was newly added to the top tier for the first time. In contrast, Shinhan Investment Corp. failed to make the list again after a one-year return, dealing a blow to its reputation.
According to the investment banking industry on June 20, the NPS Fund Management Headquarters notified domestic brokerages and their research centers of its selections for second-half brokerage service providers for domestic equity transactions. A total of 26 firms were selected for general brokerage, 6 for cyber brokerage, and 15 for index-based transactions.
Mirae Asset Securities reclaimed its first-tier status for the first time in three years, while LS Securities, Daishin Securities, and Hanwha Investment & Securities were newly included in the top tier. Samsung Securities and DB Financial Investment maintained their first-tier ranking from the first half.
Both Mirae Asset Securities and LS Securities were also selected as top-tier firms for index transactions. Others included in the first tier for index trades were BNK Investment & Securities and iM Securities.
While domestic brokerages showed strong performance, several foreign securities firms, including CLSA Korea, Morgan Stanley, and Citi Global Markets — all of which had first-tier status for general transactions in the first half — were either downgraded or excluded from the list.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
