SIX and Korea Securities Depository Intensify Cooperation

SIX, through its SIX SIS subsidiary, has signed a Memorandum of Understanding (MOU) with Korea Securities Depository (KSD) for cooperation in the area of securities depository and settlement. The signing ceremony took place today in Zurich, Switzerland.

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Marcus Harreus, Head Commercials, Securities Services (SIX); Soonho Lee, Chairman & CEO (KSD); Keum Chang-rok, Ambassador of the Republic of Korea and Javier Hernani, Head Securities Services & Executive Board Member (SIX) (from left)

Marcus Harreus, Head Commercials, Securities Services (SIX); Soonho Lee, Chairman & CEO (KSD); Keum Chang-rok, Ambassador of the Republic of Korea and Javier Hernani, Head Securities Services & Executive Board Member (SIX) (from left)

Based on the terms of the MOU, SIX and KSD will cooperate in the area of securities depository and settlement to foster the prosperity of financial markets, promote cross border investment and explore opportunities for joint development. The partnership also envisages a closer working relationship in the future, regular meetings and the maintenance of communication channels for the exchange of information.

Javier Hernani, Head Securities Services and Executive Board Member at SIX , said: "The agreement is another step forward in expanding our reach in Asia, where we see business opportunities, explore new markets, and establish new relations. Given our strong position in the global post-trade value chain, we believe that this new partnership will boost the joint value and growth potential.”

The scope of the mutual cooperation features such areas as mutual support for investment in the Korean and Swiss markets. It also includes the mutual exchange of information on operation and market as well as improvement opportunities.

Javier Hernani, Head Securities Services & Executive Board Member (SIX); Soonho Lee, Chairman & CEO (KSD) and Marcus Harreus, Head Commercials, Securities Services (SIX) (from left)

Javier Hernani, Head Securities Services & Executive Board Member (SIX); Soonho Lee, Chairman & CEO (KSD) and Marcus Harreus, Head Commercials, Securities Services (SIX) (from left)

Any questions?

Please do not hesitate to contact Julian Chan.

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About SIX
SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries.
www.six-group.com

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