John Kim will join Carlyle Group in March as a managing director of the firm's Asia buyout team and leader of Carlyle's investment activities in South Korea, the company said Wednesday.
The Hong Kong-based position is new, a spokeswoman for the firm said in an email.
Mr. Kim will come to Carlyle from Goldman Sachs, where he served as a partner and head of mergers and acquisitions in Asia ex-Japan.
Raghav Maliah, global vice chairman of the firm's investment banking division and co-head of its technology, media and telecom group in Asia-Pacific ex-Japan, and Jung Min, co-head of technology, media and telecom in APEJ and co-chief operating officer of global technology, media and telecom, will replace Mr. Kim as co-heads of mergers and acquisitions in Asia ex-Japan, An according to an internal Goldman Sachs memo obtained by Pensions & Investments.
The Carlyle news release said Carlyle has invested more than $1.5 billion of equity in South Korea over the 20 years it has operated in the country. As of June 30, 2019, the company had $223 billion of assets under management globally.