CLS Group deepens footprint in emerging markets
The Korean dealer joins local rivals Kookmin Bank and Korea Exchange Bank (KEB) after receiving approval from CLS at a board meeting on October 24 and 25. Kookmin and KEB joined the system in October 2003.
Jin Chan-Hee, Seoul-based head of treasury and global banking group at Shinhan Bank, said becoming a shareholder increases the global competitiveness of the bank in foreign exchange. "By participating in the CLS system, Shinhan Bank, as a main FX trader in the Korean market and as a leading
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