The firm said that the new Securities Branch represents its strong commitment to the South Korean market.

Following recent regulatory approvals, Natixis Corporate & Investment Banking has officially opened its Securities Branch, in Seoul, South Korea (“Natixis Asia Limited Seoul Branch”).

Creating the Seoul Branch reflects the bank’s commitment to South Korea and it’s client-focused strategy, oriented towards high-quality, long-term partnerships in selective and diversified expertise, the group said. Natixis CIB will also be able to expand its offering and client base in the market, the firm said in a statement.

Providing securities services – part of the financial "plumbing" of the sector – shows how serious the firm is in entering the market and extending its presence in Asia.

Part of French-based Groupe BPCE, Natixis CIB has been present in Korea since 1999, previously as a representative office. Under its new Securities Branch establishment, Natixis Asia Limited Seoul Branch will provide a diverse range of securities and OTC products.

Natixis CIB is also applying for the relevant licences to develop its investment banking business in South Korea, further demonstrating its commitment to supporting local clients and the advancement of the county’s financial market.

Commenting, Bruno Le Saint, chief executive officer, Asia Pacific, said: “Asia Pacific plays an integral role in Natixis CIB’s global strategy. The establishment of our Seoul branch is a positive step for our franchise and in line with our strategy to grow carefully and selectively where we can offer strong support and differentiated service to our clients. This next step in our journey is a strong affirmation of our commitment to the South Korean market.”

Su Young Cho, senior country manager, South Korea, added: “We are delighted to be celebrating this milestone achievement for our business in South Korea. Natixis Asia Limited Seoul Branch, with its global expertise, network and capabilities, is well placed to deliver solutions to support local clients, both corporate and financial institutions, in their growth journeys, as well as international clients looking to realise their ambitions in South Korea.”

Natixis Corporate & Investment Banking is a global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organisations worldwide.