Chae-Joo Lee joined Mesirow Financial as senior vice president and head of Korea, confirmed Muj Ali, managing director and head of Mesirow’s Hong Kong office.
The position is new. Based in Hong Kong, Mr. Lee will oversee client service and business development for Korea and North Asia for Mesirow Advanced Strategies, the firm’s hedge funds-of-funds group.
In a telephone interview, Mr. Ali said Mr. Lee will help Mesirow better serve clients in Korea, where an aging population and low bond yields are spurring institutional interest in investments offering attractive returns with low volatility.
Mr. Lee comes to Mesirow from FRM Investment Advisory in Seoul, where he served as CEO and head of Korea. Evelyn Cheung, Hong Kong-based spokeswoman for Man Group PLC, the London-based alternative investments firm that acquired FRM in July, said Mr. Lee's position wasn't filled, reflecting the closure of FRM's Seoul office late last year.