Hanwha finance heads talk shop in Singapore

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Hanwha finance heads talk shop in Singapore

The heads of Hanwha Group’s financial affiliates flew to Singapore to share their vision of the rapid digitalization of the finance sector and hold meetings with multinational banks and emerging tech start-ups on the hunt for potential partnerships.

The group’s four finance units - Hanwha Life Insurance, Hanwha General Insurance, Hanwha Investment & Securities and Hanwha Asset Management - attended Money20/20 Asia, a financial services and fintech conference held between March 19 and 21.

Yeo Seung-joo, CEO of Hanwha Life Insurance, met with John Stecher, chief investment officer at Barclays, to learn the British company’s progress in transforming from a financial unit into a tech firm.

“Barclays is active in pushing change and hosts many incubating programs for start-ups,” said Hanwha’s life insurer in a statement.

Yeo also held talks with Speedinvest, an Austria-based venture capital company, and tryb Group, a fintech platform operator in Singapore, to gain an insight into how the firms carry out digital strategy in advanced financial markets.

As chief digital officer at Hanwha Life Insurance, Kim Dong-won held meetings with Singaporean state-run fund Temasek Holdings and Thailand’s CP Group.

Park Yun-sik, CEO of Hanwha General Insurance, focused on seeking partners in digital marketing and services, meeting with Dror Oren, founder of Kasisto, a U.S. start-up that provides an artificial intelligence (AI) platform for banking.

Park also attended private discussions with the employees at Microblink, a research and development company focused on machine vision technology, to discuss the possible application of the technology for the insurance affiliate.

To learn more about AI assistants, Kwon Hee-baek, head of Hanwha Investment & Securities, met with Michele Ferrario, CEO of StashAway, a Singapore-based fintech firm that develops asset management platforms using AI-based algorithms technology.

Kim Yong-hyun, CEO of Hanwha Asset Management, met with Jonathan Larsen, chief investment officer at Ping An Group, China’s major insurance unit.

The two talked about potential cooperation in the digital health care segment.

BY PARK EUN-JEE [park.eunjee@joongang.co.kr]
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