KIC’s head of investment strategy moves to Bridge Investment Group The SWF’s head of investment strategy Lee Seung-hwan joined the U.S. investment firm

Translated by Ryu Ho-joung 공개 2020-04-20 08:00:04

이 기사는 2020년 04월 20일 08:00 더벨 유료페이지에 표출된 기사입니다.

Head of Investment Strategy Group at Korea Investment Corporation (KIC), the country’s sovereign wealth fund, recently moved to a foreign investment firm.

Lee Seung-hwan joined U.S.-based Bridge Investment Group as managing director of its New York office, moving from KIC where he served as Head of Investment Strategy Group, sources familiar with the matter said on Apr 14. KIC’s investment management division consists of two groups – Investment Strategy Group and Alternative Investment Group – with each led by a person with a title equivalent to managing director of other investment firms.

Lee had been appointed to his last role at KIC in December last year. In this position, he led five teams – investment strategy, asset allocation, equity, quant, fixed income – that belong to the group. Before that, he served as Head of KIC’s New York office for three years from 2017. KIC has three overseas offices in New York, London and Singapore.

Bridge Investment Group is a privately-held real estate investment management firm with $20 billion in assets under management. It has a focus on investing in multifamily housing properties as well as commercial office assets. The firm runs five offices in major cities of the U.S., including New York, Atlanta and Orlando.

After Lee’s exit, Park Dae-yang, chief investment officer of KIC, concurrently holds the position of Head of Investment Strategy Group on an interim basis. KIC plans to recruit Lee’s successor soon, internally or externally. Apart from Lee, several former senior managers at KIC moved to key positions in the financial and investment industry, apparently in recognition of their expertise from experience of managing the sovereign wealth fund, market observers said.

Kang Shin-woo, former CIO of KIC, was recently appointed as chair of the investment management committee for the Financial Market Stabilization Fund set up by the country’s public and private financial institutions in response to heightened volatility due to the fallout from the coronavirus pandemic. Meanwhile, Tae H. Park, KIC’s former deputy CIO, moved to Shinhan BNP Paribas Asset Management earlier this year where he is serving as vice president.

(By reporter Rho Ar-rum)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재 및 재배포 금지 >

더벨 서비스 문의


유료 서비스 안내
주)더벨 주소서울특별시 중구 무교로 6 (을지로 1가) 금세기빌딩 5층대표/발행인성화용 편집인이진우 등록번호서울아00483
등록년월일2007.12.27 / 제호 : 더벨(thebell) 발행년월일2007.12.30청소년보호관리책임자이현중
문의TEL : 02-724-4100 / FAX : 02-724-4109서비스 문의 및 PC 초기화TEL : 02-724-4103기술 및 장애문의TEL : 02-724-4159

더벨의 모든 기사(콘텐트)는 저작권법의 보호를 받으며, 무단 전재 및 복사와 배포 등을 금지합니다.

copyright ⓒ thebell all rights reserved.