Money Management

MSIM taps former National Pension Service executive as S. Korea head

Yoon Pyo Lee joined Morgan Stanley (MS) Investment Management in Seoul as a managing director and head of South Korea, the firm said Tuesday.

The position is new, a Hong Kong-based spokesman for MSIM said.

Mr. Lee comes to MSIM from Seoul-based Truston Asset Management, where he served as senior executive vice president and co-CEO. Before moving to Truston, Mr. Lee held senior investment positions at Korea's 667.4 trillion won ($569 billion) National Pension Service.

A Truston spokesman didn't respond to an emailed request for comment.