Wedbush Financial Services Receives Investment From Hana Securities and Forms Cross-Border Alliance
Summary
Los Angeles, CA July 15, 2024 Wedbush Financial Services (WFS), a leading diversified financial services holding company and parent company of Wedbush Securities Inc., has entered into a strategic alliance with Hana Securities (Hana), the securities firm of Hana Financial Group, the holding company for one of Koreas largest banks, Hana Bank. As a part of the alliance, Hana has made an investment into WFS to help drive its global growth, underscoring the firms commitment to expanding cross-border financial services and market access for investors worldwide.Wedbush President & CEO, Gary Wedbush, remarked, This important investment and business alliance marks a significant advancement in our global growth strategy. Hanas strong standing in Korean markets and our common commitment to delivering the highest level of client service makes this an ideal partnership.I look forward to working with my Hana colleagues to offer world-class advice and financing to our clients, seizing the significant investment opportunities in the coming years between Korea and the U.S., said Burke Dempsey, Wedbush EVP, Head of Investment Banking & Capital Markets.Hana Securities also stated, We expect that the close collaboration between the two companies, backed by extensive experience and rich know-how, will generate significant synergies across various sectors, enabling both firms to provide sophisticated financial services to our clients.The alliance and investment will expand Wedbushs global reach, enabling cross-border investment banking services, providing clients with research and market insights, and equipping investors with international trading capabilities.Wedbush Financial Services is a diversified financial services holding company. Its primary subsidiary, Wedbush Securities, which was founded in 1955, has been a leader in the financial services industry, providing its clients, both private and institutional, with a wide range of securities brokerage and processing, wealth management, and investment banking services. The company plays a pivotal role in Hana Financial Groups investment and capital markets operations, contributing to the groups reputation for excellence in the financial industry.