KEB Hana Bank joins SwapAgent as a member
13 April 2026 South Korea, UK
Image: CJNattanai/adobe.stock.com
LSEG has announced that KEB Hana Bank, a foreign exchange (FX) trading institution in South Korea and subsidiary of Hana Financial Group, has joined SwapAgent, a post trade solutions business, and executed its inaugural cross-currency swap through the service.
This membership enables KEB Hana Bank to use SwapAgent’s solutions for risk management and margin optimisation in the non-cleared derivatives market, while gaining greater capital and operational efficiencies.
KEB Hana Bank has been a London Clearing House (LCH) SwapClear client for nearly a decade as part of a long-term, cross-asset relationship with LSEG.
Jong Ho Lee, head of Finance Markets Trading Department and Okkyoon Park, head of London Treasury Centre, KEB Hana Bank, notes: “Becoming a SwapAgent member is an important milestone for the bank, as it enables us to deliver greater standardisation and efficiency in cross-currency swaps, while significantly reducing our operational and credit risk.
“We’re excited to unlock these advantages and strengthen the service we provide to our clients.”
Annabel Harrison, global head of Agent Services, LSEG, adds: “We’re delighted that KEB Hana Bank has joined SwapAgent. This builds on the strong relationships we have already established and reflects the significant progress we’ve achieved together in the derivatives space.
“We’re seeing growing momentum in delivering a meaningful value proposition to financial institutions — not only in South Korea but across Asia Pacific — helping them to benefit from the operational, margin and capital efficiencies that our services provide.”
This membership enables KEB Hana Bank to use SwapAgent’s solutions for risk management and margin optimisation in the non-cleared derivatives market, while gaining greater capital and operational efficiencies.
KEB Hana Bank has been a London Clearing House (LCH) SwapClear client for nearly a decade as part of a long-term, cross-asset relationship with LSEG.
Jong Ho Lee, head of Finance Markets Trading Department and Okkyoon Park, head of London Treasury Centre, KEB Hana Bank, notes: “Becoming a SwapAgent member is an important milestone for the bank, as it enables us to deliver greater standardisation and efficiency in cross-currency swaps, while significantly reducing our operational and credit risk.
“We’re excited to unlock these advantages and strengthen the service we provide to our clients.”
Annabel Harrison, global head of Agent Services, LSEG, adds: “We’re delighted that KEB Hana Bank has joined SwapAgent. This builds on the strong relationships we have already established and reflects the significant progress we’ve achieved together in the derivatives space.
“We’re seeing growing momentum in delivering a meaningful value proposition to financial institutions — not only in South Korea but across Asia Pacific — helping them to benefit from the operational, margin and capital efficiencies that our services provide.”
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