Apollo has expanded into Korea, opening an workplace in Seoul and naming Jay Hyun Lee as companion and head of Korea.
Lee will assist to construct on Apollo’s development plans out there, engaged on the agency’s capital formation technique and institutional relationships, in addition to workforce development within the nation.
He has 25 years expertise in monetary providers, and most just lately served as senior govt vp for Samsung Securities. Previous to that, he was managing director and head of Korea in personal fairness and development fairness for Goldman Sachs. He has additionally labored at BNP Paribas and JP Morgan.
“Korea is a number one monetary hub the place we see an incredible alternative to serve traders and retirees throughout the risk-return spectrum and meet companies’ rising demand for versatile, artistic capital options,” mentioned Scott Kleinman, co-president of Apollo Asset Administration.
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“We’re thrilled to welcome Jay Hyun as we proceed to strengthen our presence throughout Asia Pacific and execute our international development technique.”
Apollo has additionally appointed Dr. Sam Younger Chung, Professor at Yonsei College and Head of AIF APAC, as an instructional advisor in Asia Pacific. He’ll apply his tutorial experience to the agency’s work on the intersection of retirement options and different belongings.
Apollo has been rising its APAC enterprise for greater than 15 years. The agency now has workplaces in Tokyo, Sydney, Hong Kong, Mumbai and Singapore, in addition to the brand new Seoul base. A part of Apollo’s APAC development technique is to offer capital and retirement options to help, assist and companion with establishments throughout numerous geographies.
“As we develop our franchise in Korea, we’re excited to work alongside pensions, insurers and different establishments as a scaled supplier of extra return,” mentioned Apollo companion and head of Asia Pacific Matt Michelini.
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“We anticipate our attain will prolong throughout the areas retirement ecosystem, the place we additionally intention to ship yield-oriented options to people and savers in search of duration-matched earnings merchandise.”
“Apollo has an unbelievable platform delivering personal capital and retirement options to purchasers globally and I’m excited to guide their efforts on the bottom in Korea,” added Lee.
“I stay up for working with Matt and the workforce throughout Asia Pacific and the globe to construct upon the sturdy momentum within the area.”
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