Choi Man-Yeon was named country head for Korea at BlackRock, effective June 3, a spokesman said Monday.
Mr. Choi will replace Sung Nak Yang, who will remain through June 23 to ensure a smooth transition, said the spokesman, who had no further details on Mr. Sung’s plans. Mr. Sung couldn’t immediately be reached for comment.
Mr. Choi will be responsible for “overseeing and leading all of BlackRock’s Korea business interests, and driving its local market strategy across all client groups,” a BlackRock news release said.
Mr. Choi was head of sales in Korea at Schroders Investment Management. A Schroders spokesman said Jeon Kil Soo, CEO of Schroders Korea, will assume oversight of the firm’s distribution team on an interim basis, while a search is conducted to fill that role permanently.