Speaker A
I’m working here today. Yeah, I’m working here today. Wait, what company is this? What’s today?
Explore the asset management operations at DB Insurance, including domestic and overseas investments, bond trading, and career insights.
Key Takeaways
- DB Insurance actively manages both domestic and overseas investments with dedicated teams.
- Asset management roles require flexibility, active learning, and a broad skill set beyond business majors.
- The company offers competitive salaries, transparent recruitment, and strong welfare benefits.
- Understanding financial markets and economic policies is crucial for asset management professionals.
- Practical experience, such as using Bloomberg Terminal and site inspections, is integral to the job.
What the video covers
- Introduction to DB Insurance's asset management team and their daily operations.
- Explanation of overseas postings and the role of relationship managers in global investments.
- Overview of domestic bond management, including the use of Bloomberg Terminal for analysis.
- Insight into intraday bond trading hours and futures market specifics.
- Discussion of economic terms like 'dovish' and 'hawkish' in central bank policies.
- Employee backgrounds and majors, highlighting diversity in the asset management team.
- Details on employee benefits, salary transparency, and company culture.
- Explanation of infrastructure and real estate investment departments.
- Field visits and inspections related to asset management projects.
- Advice for young professionals aspiring to join DB Insurance's asset management division.
Chapters
- 00:00Introduction to DB Insurance and Asset Management Team
- 00:37Interview with New Employee and Overseas Manager
- 02:17Overseas Postings and Investment Strategies
- 02:55Domestic Bond Management and Bloomberg Terminal Use
- 04:56Intraday Bond Trading and Market Hours
- 05:57Economic Policy Terms: Dovish vs Hawkish
- 06:55Employee Backgrounds and Recruitment Insights
- 07:49Salary, Benefits, and Company Culture
- 08:27Infrastructure and Real Estate Investment Overview
- 10:20Field Inspections and Practical Asset Management
Full Transcript — Download SRT & Markdown
Speaker A
DB Insurance. DB Insurance again? Hey, stop filming them. Wow, this building is really nice. Hey, where’s my senior? They said he’s here. I found him.
Speaker A
Go look for him. Can you see him? Film him. There’s no one here. Where are they?
Speaker A
Oh, hello. Yes. Oh, hello, Senior. Yes. I’m Assistant Manager Kim Hyo-bin, in charge of introducing DB Insurance employees.
Speaker A
How many years have you been working here? Then... I’m in my second year now.
Speaker A
If you're only in your second year, aren't you a bit underqualified to teach me?
Speaker A
I might be, but I'll do my best to help you today. Okay. If I’m going to work today, usually you guys do trading, right?
Speaker A
Yes. What happens if I lose money? Then shouldn't you just cover the damages? Oh, is this the office? Yes, yes. This is the office. Okay.
Speaker A
Wow. Oh, there are so many monitors. Maybe it’s because it’s the asset management team, the monitors look really flashy. Lots of charts, too.
Speaker A
Ah, yes. We need two or three screens to work efficiently. As expected, this is what I need to do.
Speaker A
Yes. We are waiting to interview the manager in New York right now. Right. It's New York.
Speaker A
Yes. Hello? Oh, hello. I’m Park Yong-wook from DB Insurance. I have a question. When people hear about overseas postings, they usually think of trading companies, so many people probably didn't know insurance companies have them too. By the way...
Speaker A
How did you end up stationed overseas? Our asset management team handles domestic investments, but we’ve been very active in overseas investments as well. It’s company policy to expand those investments, and since we need to find better returns, we established and
Speaker A
expanded our overseas hubs. Ah. Then what kind of work do you mainly do there? Since we work with various financial institutions and businesses, I act as a relationship manager and provide consulting for our domestic asset management team regarding
Speaker A
overseas investments. Overall, it’s closer to corporate sales than pure investment management. I heard that your salary goes up significantly when you’re posted abroad.
Speaker A
Well, the cost of living here is so high. So it’s just adjusted to reflect that.
Speaker A
Then, if you have any advice for young people dreaming of working in asset management at DB Insurance, what would it be? In asset management, there are standardized areas, but there are also many that aren't. I think a flexible
Speaker A
mindset and an active attitude are the most important things. I really hope many well-qualified people will join us.
Speaker A
How was the meeting? Was it alright? For starters, I was surprised by the great picture quality. Is this the morning session now?
Speaker A
Yes. Yes. In the morning, you'll learn how domestic bonds are managed in the Special Account Management Department.
Speaker A
In the afternoon, you'll learn about our infrastructure and real estate departments. Should I go in?
Speaker A
Yes. Go ahead. Senior, you're aware of this, right? Let's go in. The position feels quite... I came here knowing that I'd be working on special accounts.
Speaker A
Could you tell me exactly what kind of work you do with those special accounts?
Speaker A
Our Special Account Management team operates the special accounts for insurance companies. You can think of us as a department that mainly manages long-term bonds with long durations.
Speaker A
Actually, those tasks seem difficult; what should I be doing? When dealing with bonds, especially overseas bonds, we use a Bloomberg Terminal. We have a meeting scheduled to show you how to use it. Since there was a FOMC meeting
Speaker A
in the US yesterday, an analyst is coming in today to discuss how we should interpret the results.
Speaker A
Then what kind of things can I look into with this? I'm going to show you some of the bonds issued by companies in the US. I mainly do my analysis by looking at charts.
Speaker A
And if you want to know more about this bond, try typing 'DES'. Then all the details about this security will appear. After looking at it like this, if you want to see news related to it, then go to the far left,
Speaker A
and if you look down, you'll see number 37. Yes. Yes. If you click that, all related news will appear by date. In this way, we analyze bonds and the companies, and then decide whether or not to invest in
Speaker A
these bonds. There's Microsoft, is there one for our company? Let's see. Oh, there it is. Ah, Tori, you'll be learning about domestic bonds, right?
Speaker A
Yes, yes. I’d like to explain intraday trading. Usually, bond trading happens from 9:00 to 3:30, just like stocks, but futures go on for about 15 minutes longer. So until 3:45.
Speaker A
That's when it happens. The screen you see here is the 3-year government bond futures market.
Speaker A
3-year government bond futures? Yes. Yes. Are you talking about receiving a gift? Present. The material I brought today, as you can see, is about the US Fed's July FOMC meeting that was held early this morning.
Speaker A
I’d like to talk to you about the results and the future outlook. First, as you can see from the title, the reason I judged it as a "dovish status quo" is that Excuse me, I have a question. What
Speaker A
exactly is a "dove"? When the central bank decides on the base interest rate, there are groups that want to introduce contractionary policies. Generally, those who argue that because the economy is poor, we should lower rates and maintain a low-interest environment
Speaker A
are called "dovish," while those who argue, for example, that because of real estate issues, we can't lower rates any further and need to tighten things up, are considered "hawkish." That's how I define it.
Speaker A
Then how about the "hawk"—how many of them are there? Oh, you're eating so deliciously. Could you please introduce yourselves one by one? Then I'm curious, how did you find out about the asset management business?
Speaker A
It’s true that the field of insurance asset management is quite unfamiliar to undergraduate students. I also found out about it when a colleague during my internship at an insurance company told me there was an opening and suggested I
Speaker A
apply. Honestly, if I had just stayed at school, I probably wouldn't have known about it or been able to join.
Speaker A
What about you, seniors? What did you major in at school? I’m a Business major.
Speaker A
Statistics, I’m also Business. What about you, senior? I'm also Business, and the senior is Economics.
Speaker A
Wait, then are there any non-majors? Actually, there are even people with law degrees in the bond management department. So, there are people who didn't strictly major in business or statistics.
Speaker A
I think it would be good to keep that in mind. Then, from the perspective of an employee, what are some of the benefits you feel while working here?
Speaker A
For one, I leave right at 6 PM. Ah, the PC-off system? Yes, and besides our salary, we have a welfare card that provides some welfare points. I understand there is an incentive system, right? We look at the company's
Speaker A
overall performance and distribute it to all employees, so isn't that just great? I was just about to say that. Then I’m curious, could you tell me a bit about the salary level?
Speaker A
I actually remember when I went to a campus recruiting event. They were very open about it. They told us, "Our starting salary is this much." Hmm.
Speaker A
Honestly, in my view, they give you an amount that you won't be disappointed with at all.
Speaker A
Hmm. Isn't it almost at the top level among large corporations? Hmm, in terms of starting salary.
Speaker A
And what’s good about our company is that they raise the starting salary for new hires by a certain amount every year. So, the later you join, the higher your starting salary is compared to previous hires, and those joining
Speaker A
now will likely get a lot. Then, I'll ask one last question. While working in the asset management department, what is the dream you are pursuing here?
Speaker A
To have the insight to look at any asset that comes in and immediately identify its risks, pros, and cons.
Speaker A
Hmm. Actually, I think that is the core competency for those who work in investment firms.
Speaker A
Uh. I think I'm like the internet itself. I’m becoming a sort of hyb
Speaker A
So, I want to be someone who knows a bit of both. I just want to hear people say our company is doing well because of the natural sector. Do as the manager tells you.
Speaker A
My short-term goal is just to modestly fulfill the tasks assigned to me. Ah, that was a bit forced, right?
Speaker A
Honestly, I didn’t tell him to. You did. That's my senior. My dream is to get a girlfriend. With all the seniors here...
Speaker A
Oh, really? Should I try a video message here? Hello. I’m Kim Kyung-do , living alone near Yeouido.
Speaker A
My number is 010... He seems to be getting dragged into this. No, I'm not. No.
Speaker A
You need to work hard. Yes. Ah, Senior ... Yes. This is our senior. Oh, hello? Hello.
Speaker A
Hello. I look forward to working with you on this project. Ah, yes. Hello. We are in the Infrastructure Management Department this time.
Speaker A
Yes. I heard "infrastructure," but what kind of department is it? You can think of our department as one that invests in infrastructure assets.
Speaker A
So, what we do is source new investment opportunities, analyze them, and then present them to the review department to proceed with the investment.
Speaker A
Then which one will I be working on today? There are two meetings scheduled today. One is a meeting regarding a new investment. The second is regarding an asset we've already invested in.
Speaker A
We’ll check on its progress and meet with the management company to hear their update.
Speaker A
Understood. I will work hard. Yes. Please take care of me. Yes. I look forward to it.
Speaker A
Oh, Tori? Yes, we have an investment in a solar power plant, and I've arranged a review session for it. Since we continuously manage assets after investing, it's that kind of meeting.
Speaker A
You should join in. Let me introduce you. This is Tori, our new employee in Infrastructure Management.
Speaker A
Nice to meet you. Hello. Please take care of them. Hi, I'm Woo Jeong-yong from KDB Infrastructure.
Speaker A
Oh, thank you. Is it the final model? Oh, it’s Tori. Ah, I see. I'm going to quit. Manager, I heard from others that the investment is going well, but do I really need to be here?
Speaker A
Since it’s a new start, I wanted to check it with my own eyes and hear the details, so thanks for your time. Yes.
Speaker A
After setting it up, a lot of progress has been made. We are actively incorporating assets, traveling across the country to secure projects, and the integration is going well. I should have told you from time to time, but I
Speaker A
haven't been able to create many opportunities. Oh, are you teaching me about this today, senior?
Speaker A
That’s right. You've memorized it well so far, haven't you? Are bonds and infrastructure okay? Yes.
Speaker A
My head feels like it's going to split. Oh, it feels like it’s splitting? Yes .
Speaker A
Senior, what kind of place is the Real Estate Finance Department? The Real Estate Finance Department is a division responsible for domestic and international real estate investments.
Speaker A
Among the assets we hold, I’m going to tell you about three of them today.
Speaker A
Before that, I’ll briefly explain our perspective from the appraisal side on how we view these operating assets.
Speaker A
Appraisers prepare and provide us with appraisal reports. So we look at the appraisal report, and it has the price written on it. We check the price to see if the loan amount is appropriate relative to the value. That’s the
Speaker A
most important thing, and the second most important thing is the credit image—can this person pay the interest well? Do they have the ability to pay interest? We check this.
Speaker A
I think it’s important to examine these things. We don't just rely on documents to see if it's feasible; we go for on-site inspections during that process.
Speaker A
I’m going to go on one of those inspections with our trainee now. Oh, we're heading out. We are.
Speaker A
Going out. Oh, there’s construction going on here. First of all, we’ve covered about 400 pyeong for the exterior. We’re also in the middle of converting the space that was originally used as an office into retail.
Speaker A
So, are you planning to have commercial facilities move in here? Then... Right? We’ve completed contracts for about 50%, and we’re negotiating with more popular brands for the remaining 50%.
Speaker A
Oh. Yes. Can we take a look at that? Is it possible to see it?
Speaker A
Yes. Ah, yes. Let’s go. How does it feel to visit a construction site? I didn’t know I would come to a construction site like this working in asset management. And that we actually have to check these sites.
Speaker A
Uh. I feel like I need to be really meticulous about many things. Actually, when we come for an inspection, We often look at things in more detail, like what kind of mechanical facilities are installed, from a physical perspective. What do you usually look
Speaker A
for? When coming for an inspection, Basically, we first confirm which tenants are currently in the building.
Speaker A
Sometimes there are cases like this where construction is underway. In those cases, we check which tenants are scheduled to move in later.
Speaker A
And what is the industry, and how is the contract expected to be handled? It’s basically a task of filtering out false information.
Speaker A
That's right. Wow, I didn't think it would be this intense from the very start.
Speaker A
Where is the next location, by the way? Oh, right. And where is the person who will be explaining things to us? The person who will help with the explanation today is right over there.
Speaker A
Oh, hello. How do you do? I’m Assistant Manager Jo Dong-hyun from the Poranco asset team.
Speaker A
Let me briefly introduce our facility; it’s a combined ambient and cold storage logistics center. The total area is about 13,000 pyeong. So, let's first take a look at the ambient portion, and then go check out the cold storage
Speaker A
area. Ah, I see. Ah. There are a few important points to look at when inspecting a logistics warehouse. That's true. Lately, the main thing we look at is the ceiling height—the distance from the floor to the ceiling—because 10 meters is the
Speaker A
height we prefer most. This facility uses what we call "racks," and the optimal height for these 4-tier racks is about 10 meters. So, in terms of space efficiency, it's quite superior compared to other centers.
Speaker A
Yes. Yes. One thing immediately comes to mind. Oh. Oh. I can already feel the cold air.
Speaker A
Oh. It’s cool. So cool. Oh. Ah, so this is the facility for managing frozen and refrigerated goods.
Speaker A
We have it divided into frozen, refrigerated, and ambient sections. Depending on the temperature, items like fresh food, meat, and vegetables are being stored according to their required temperatures.
Speaker A
For cold storage, thermal insulation is crucial, so we check things like condensation, and as you can see, there’s no water dripping or anything like that.
Speaker A
Ah, I see. Exactly. So it's safe to say it's a top-tier facility? But I’m curious, do we have to go back to the office? Ah.
Speaker A
You have to return to the office if you want to clock out. Yes. Can't you just let me go home?
Speaker A
You're interns, so you have to report to your supervisor before you leave. Hey, why are you being like this?
Speaker A
Sunbae, I have to say, my impression of today is that since it's asset management, I thought it would just be trading in front of a monitor all day, but it’s actually quite dynamic, going out for site inspections and
Speaker A
everything. Our asset management division invests in a wide range of areas, not just traditional assets but also alternative investments, so yes. I'm glad you were able to experience many different things today, just like you did.
Speaker A
By any chance, what kind of experience is needed to apply to this asset management business?
Speaker A
Yes. I hope each applicant prepares well to highlight the points that appeal to their strengths. It could be a certification, an internship, or just your own thoughts on asset management, so I think if you prepare well, it will
Speaker A
be very helpful. Now, a word for those dreaming of joining the DB Insurance asset management division: it might seem unfamiliar or hard to understand at first, but I hope this video helps you gain the courage to apply. Come join DB
Speaker A
Insurance.
Topics:DB Insuranceasset managementinsurance investmentsbond tradingBloomberg Terminaloverseas investmentinfrastructure investmentreal estate investmentfinancial analysiscareer insights
