Apollo Global Management opened an office in Seoul and appointed Jay Hyun Lee as partner and head of Korea, the alternative asset manager said in a statement.
Lee is tasked with driving the fund manager’s capital formation strategy, institutional relationships and team growth in the country, the statement said.
Within Asia-Pacific, Apollo has offices in Tokyo, Sydney, Mumbai, Hong Kong, and Singapore. The firm had $733 billion in assets under management as of Sept. 30.
“As we grow our franchise in Korea, we are excited to work alongside pensions, insurers and other institutions as a scaled provider of excess return,” Apollo Partner and Head of Asia-Pacific Matt Michelini said in the statement.
“We expect our reach will extend across the region’s retirement ecosystem, where we also aim to deliver yield-oriented solutions to individuals and savers seeking duration-matched income products,” he said.
Lee was senior executive vice president at financial investment company Samsung Securities where he led the firm’s mergers and acquisitions, securities underwriting and corporate investment functions. Before that, he held senior positions at financial institutions including BNP Paribas and Goldman Sachs.
A Samsung Securities spokesperson could not immediately be contacted for comment.
