In a move that represents a new trend in the Korean investment banking sector, one of Korea's major banks has struck an alliance with an international boutique. Hana Bank, Korea's third largest commercial bank, will set up an alliance with sector specialist, IRG.
This will focus on originating telecom, tech and media business TMT from Korea. Hana already has a strong presence in the infrastructure side of investment banking, but wanted to grow its TMT business.
It appointed Eugene Bang as its head of investment banking at the beginning of 2003 and he contacted old friends at IRG. IRG is a boutique based in Hong Kong whose bankers are...
