Headquarters of multinational asset administration firm Apollo in New York / Captured from Apollo web site
By Yi Whan-woo
Apollo, a multinational asset administration firm headquartered in New York, introduced Monday that it has opened an workplace in Seoul as part of its enlargement within the Asia-Pacific area.
The corporate mentioned Lee Jae-hyun, a former Samsung Securities senior government vice chairman, will function a accomplice and head of Korea with a mission to “execute and construct on its development plans available in the market.”
Lee Jae-hyun, accomplice and head of Korea for Apollo / Courtesy of Apollo
The announcement follows Apollo’s greater than 15 years of operation across the Asia-Pacific area, together with Singapore, Hong Kong, Tokyo, Sydney and Mumbai.
“Korea is a number one monetary hub the place we see an amazing alternative to serve buyers and retirees throughout the risk-return spectrum and meet companies’ rising demand for versatile, artistic capital options,” Apollo Asset Administration Co-President Scott Kleinman mentioned.
With regard to Lee, Kleinman mentioned the corporate is “thrilled to welcome” him, expressing hope to “strengthen presence throughout Asia-Pacific and execute world development technique.”
Apollo Companion and Head of Asia-Pacific Matt Michelini mentioned, “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.”
Particularly, Michelini commented on the rising retirement market in Korea as folks dwell longer.
“We anticipate our attain will lengthen throughout the area’s retirement ecosystem, the place we additionally purpose to ship yield-oriented options to people and savers in search of duration-matched earnings merchandise,” he mentioned.
Lee described Apollo as an organization with “an unbelievable platform delivering personal capital and retirement options to purchasers globally,” including, “I’m excited to guide their efforts on the bottom in Korea.”
He went on to say, “I look ahead to working with Matt and the group throughout Asia-Pacific and the globe to construct upon the sturdy momentum within the area.”
He constructed his profession serving in key positions at a number of multinational corporations previous to Samsung Securities, together with Goldman Sachs, BNP Paribas and J.P. Morgan.
He holds a bachelor’s diploma from Seoul Nationwide College, an MBA from the College of Pennsylvania’s Wharton Schoo of Enterprise and a doctorate from the Hong Kong Polytechnic College.
