KIS Vietnam, a subsidiary of Korea Investment & Securities, appoints Shin Hyun-jae as new Chairman and targets 32% growth this year
KIS Vietnam, the Vietnamese subsidiary of Korea Investment & Securities, elected Shin Hyun-jae, its current head, as the new Chairman of the Board during a meeting held on the 3rd (local time). Born in 1970, Shin assumed the role in February, succeeding former CEO Park Won-sang, and currently serves as both the Hanoi branch manager and legal representative.
KIS Vietnam has set targets of achieving a net revenue of 1.125 trillion VND and a pre-tax profit of 750 billion VND for this year. This reflects a 32% increase from the previous year and, if achieved, would mark the company’s best performance since its inception. The revenue breakdown includes 577 billion VND from lending profits, 273 billion VND from brokerage fees, and 274 billion VND from investment banking (IB) and other business segments.
The company’s business strategy focuses on key objectives: maintaining its Top 9 ranking in brokerage market share while aiming to climb higher, expanding its IB network to include 150 companies, and reinforcing its dominance in the covered warrant (CW) market.
KIS Vietnam entered the Vietnamese market in 2010 by acquiring EPS Securities, a local firm then ranked in the top 50. Over the past 14 years, it has steadily expanded and now ranks among the top 10 securities firms in the country. As of the end of 2023, its equity capital places it 12th in the industry.
Its stock brokerage market share ranks 9th, surpassing its equity ranking. In the CW sector, it leads with a 39% market share based on the number of listed securities. In Vietnam’s still-nascent exchange-traded fund (ETF) market, KIS Vietnam stands out as a specialized securities firm, acting as both a liquidity provider (LP) and an authorized participant (AP). In Vietnam’s margin-heavy stock market, the company is driving growth through business diversification and establishing a strong presence locally.
Last year, KIS Vietnam posted a net profit of 569.4 billion VND, up approximately 455 billion VND from the previous year.
