Neuberger Berman Group, Samsung Securities and its affiliate Samsung Asset Management have entered into a cooperation agreement to offer an enhanced suite of the former's investment products in Korea.

Andy Komaroff, chief operating officer of Neuberger Berman, Youngwoan Chung, head of the strategic business division at Samsung Securities, and Young June Park, head of the marketing division at Samsung Asset Management, signed the memorandum of understanding (MOU) among the three firms on October 27 2014 in Seoul.

Under this agreement, Neuberger Berman, a global manager of assets across equities, fixed income and alternative investments, expects to work with Samsung Securities and Samsung Asset Management to offer a broad range of investments to the Korean market and co-develop new strategies in the future.

Chung said: "With this new partnership, we are able to secure a broader range of global products to create a diversified client portfolio. Going forward, we will proactively develop differentiated new products combining Neuberger Berman's resources and Samsung's investment ideas."