John Park has been announced as the new head of Korean operations for Barings, the Charlotte-based firm, effective from January 1, 2024. This announcement was made on Wednesday by the company. Park will succeed Ike Bae, who is set to retire in December 2023 following a transformative 12-year tenure.
Park has been lauded for his leadership skills and expertise in onshore investment products. He served as the Chief Investment Officer since 2008 and is now set to become the sole representative director for Barings in Korea.
In addition to Park's appointment, Barings also announced promotions within its sales team. Hong Kim and Sam Kim have been elevated to co-heads of sales. The duo had previously managed the firm's institutional business.
These changes come at a time when Barings is experiencing significant growth. As of the end of September, the company's assets under management (AUM) in Korea exceeded 15 trillion won ($11.4 billion). This contributes to Barings' global AUM of over $347 billion.
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