Richard J. Hagen / Courtesy of Toss Securities
By Jun Ji-hye
Toss Securities appointed Richard J. Hagen because the native CEO of its subsidiary TSA Monetary (TSAF) and started the method of acquiring a U.S. broker-dealer license by the top of the 12 months, the corporate mentioned Tuesday.
In August, the Korean fintech securities agency established its two U.S. subsidiaries, Toss Securities Americas (TSA) and TSAF.
Beginning with approval from U.S. regulatory authorities and acquisition of the broker-dealer license, TSAF is predicted to strengthen the agency’s aggressive edge in worldwide inventory buying and selling and diversify its abroad income streams.
In accordance with the corporate, Hagen is a digital brokerage professional with over 30 years of expertise main varied organizations within the U.S. monetary funding trade.
Most not too long ago, he served because the CEO of PayPal Make investments, the place he explored alternatives within the client funding sector. Moreover, he co-founded and led Ally Make investments, previously TradeKing, specializing in digital investing and funding advisory providers.
“We’re thrilled to welcome Richard to the Toss Securities crew,” TSA CEO Kim Kyung-soo, also called Peter Kim, mentioned. “The formation of TSAF represents a pivotal step in increasing Toss Securities’ attain into world capital markets. Richard’s experience in on-line brokerage, mixed along with his ardour for innovation, makes him the right match to guide the crew into this thrilling new chapter.”
Hagen mentioned, “Toss Securities has been a pacesetter in retail investing innovation in Korea. Increasing globally is a pure development in Toss Securities’ strategic progress plans, and I sit up for collaborating with our gifted crew to broaden our attain and ship even larger worth to our purchasers.”
