South Korea's Hanwha Life to acquire majority stake in U.S.-based Velocity Clearing, allowing both companies to target global markets
PR NewswireNov 21, 2024
Milestone transaction will mark the first time a Korean insurance company has acquired a controlling interest in a foreign brokerage firm SEOUL, South Korea and NEW YORK , Nov. 20, 2024 /PRNewswire/ -- Hanwha Life, South Korea's first life insurance company, today announced it has agreed on the 18th to acquire a 75% stake in the parent of Velocity Clearing, a U.S.-based global financial s...