Translation to English

Samsung Life Signs MOU with TCK Investment Management to Mutually Strengthen UHNW Wealth Management

Miyeon Lee for Maeil Business Newspaper
May 20, 2013

In order to increase competitiveness of its Family Office which targets ultra high net worth Koreans, Samsung Life signed a Memorandum of Understanding with TCK Investment Management (“TCK”) on May 20th, 2013. The agreement will enable the Samsung Family Office and TCK to mutually benefit from respective areas of expertise in providing enhanced wealth management, asset allocation advisory to Korea’s UHNW clients and meet their growing appetite for global alternative investment products.

The Samsung Family Office, a leading provider of wealth management with expertise on local markets, legal framework, tax, estate planning and insurance; and TCK, a leading provider of global wealth management with a particular expertise in alternative investments, recognized the respective needs to partner with each other in order to provide clients with a wider range of investment options under a volatile market and low interest rate environment. Through this agreement, Samsung Life and TCK will mutually cooperate in providing global wealth management, asset allocation and alternative investments advisory to the wealthy in Korea.

TCK Investment Management (“TCK”) is a leading asset allocation and global alternative investment management company based in Seoul and London. TCK was co-founded by Ohad Topor, formerly with Square Capital which is a private investment office based in London and Paris, and Howard S. Marks, chairman and co-founder of Oaktree Capital Management (NYSE: OAK) with an estimated $78.8 billion in assets under management as of March 31, 2013. TCK specializes in advising UHNW clients and other qualified investors in Korea.