www.securitiesfinancetimes.com Open in urlscan Pro
50.87.101.203  Public Scan

Form analysis
1 forms found in the DOM

Name: search-input — GET https://www.securitiesfinancetimes.com/search/all-search.php

<form name="search-input" action="https://www.securitiesfinancetimes.com/search/all-search.php" method="GET">
  <input class="search-input" type="text" id="search" name="search" autocomplete="off" placeholder="Search site...">
</form>

Text Content

Leading the Way

Global Securities Finance News and Commentary
Home   News   Features   Interviews   Magazine Archive   Symposium   Industry
Awards  
Subscribe
⚲ Search
Leading the Way

Global Securities Finance News and Commentary

Go →
⨂ Close
≔ Menu
Leading the Way

Global Securities Finance News and Commentary
Menu
Subscribe
⨂ Close


News

Latest news

Industry

Technology

People moves

Regulation

Buy side

Repo

Derivatives

ESG

Magazine

Archive

Features

Interviews

Country profiles

Directory

All providers

Asset management

Associations

Consultants

Securities lending

Technology

Events

Events

Symposiums

Boston Symposium

London Symposium

Awards

Industry Excellence Awards

This years winners

Image Gallery

Multimedia

Podcasts

Videos

Follow us

LinkedIn

X

Facebook

Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close

Latest news

Industry

Technology

People moves

Regulation

Buy side

Repo

Derivatives

ESG


 1. Home →
 2. Industry news →
 3. Hanwha Life to acquire majority stake in Velocity Clearing

Industry news



MORE INDUSTRY NEWS




PASLA WELCOMES GLMX AS NEW MEMBER


20 November 2024 Asia
Reporter: Daniel Tison



NORTHERN TRUST LAUNCHES COLLATERAL MANAGEMENT SOLUTION WITH CLOUDMARGIN


20 November 2024 UK
Reporter: Carmella Haswell



OSTTRA PARTNERS WITH FIS TO OPTIMISE ETD POST-TRADE LIFECYCLE


20 November 2024 US
Reporter: Daniel Tison



PARTICIPANTS RAISE CONCERNS OVER SEC’S TREASURY CLEARING MANDATES


19 November 2024 US
Reporter: Daniel Tison



SF SYMPOSIUM: MANUAL PROCESSES HINDER TECHNOLOGICAL EVOLUTION


15 November 2024 UK
Reporter: Daniel Tison



SF SYMPOSIUM: COLLATERAL TOKENISATION CAN SUPPORT THE SHIFT TOWARDS T+1


14 November 2024 UK
Reporter: Daniel Tison



CLEARSTREAM GSF VOLUME OUTSTANDING YTD UP 12% FOR OCTOBER


14 November 2024 Luxembourg
Reporter: Carmella Haswell



SF SYMPOSIUM: US TREASURY CLEARING TO PRESENT OPERATIONAL BURDEN


14 November 2024 UK
Reporter: Carmella Haswell



HANWHA LIFE TO ACQUIRE MAJORITY STAKE IN VELOCITY CLEARING


20 November 2024 South Korea
Reporter: Daniel Tison



Image: panyaphotograph/stock.adobe.com


South Korea's Hanwha Life Insurance has agreed to acquire a 75 per cent stake in
the parent of Velocity Clearing.

The US-based global financial services firm’s management team will retain the
remaining minority stake.

Since its establishment in 1946, Hanwha Life has expanded into several overseas
markets, including Vietnam and Indonesia.

With this acquisition, the financial group hopes to secure a foothold in the US
financial sector, expanding access to opportunities to maximise the return on
investment.

Seung Joo Yeo, CEO of Hanwha Life, says: “With Velocity Clearing's robust
platform and expertise, this acquisition will serve as a springboard for
enhancing the global capabilities of South Korea's insurance company.

“Together with the Velocity Clearing management team, we are well positioned to
make a strong impact in the US and lay the foundation for sustainable, long-term
growth."

At the same time, the acquisition will also allow the New York brokerage and
global fintech company to continue its expansion into the Asian market.

"The Velocity Clearing team is well-positioned for continued meaningful global
expansion of our institutional business, and we have made demonstrable progress
in multiple geographies such as Europe, Asia, Latin America and the Middle
East,” says Brian Schaeffer, president of Velocity Clearing.

“This partnership builds on our plans, allowing us to effectively address
growing customer demand in new markets and positioning us for long-term
success."

The transaction is subject to customary closing conditions, including the
receipt of various US and South Korean regulatory approvals.
← Previous industry article

PASLA welcomes GLMX as new member
Next industry article →

Northern Trust launches collateral management solution with CloudMargin

NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times

Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →


Discover definitions, explanations and related news articles in our glossary

Visit our glossary →




Get in touch

Home

Contact us

LinkedIn

X

Facebook

RSS feed

Privacy policy

News

Industry

Technology

People moves

Regulation

Buy side

Repo

Derivatives

Magazine

Archive

Features

Interviews

Country profiles

Editor's picks

More sections

Directory

Events

Podcasts

Videos

Boston Symposium

London Symposium

Industry Excellence Awards

Black Knight Media

Black Knight Media

Securities Finance Times

Asset Servicing Times

Captive Insurance Times

BKM Creative


--------------------------------------------------------------------------------


© 2010-2024 Black Knight Media Ltd. All rights reserved. No reproduction without
prior authorisation.
Registered in England No.07191464. Registered office: Unit 23 Metro Business
Centre, Kangley Bridge Road, Sydenham, SE26 5BW

BDOW!