Lee hired as BlackRock’s North Asia head of alternative investment strategy group
28 January 2013
News, Asia, Korea
By Asia Asset Management
Jeong Hoon Lee has joined BlackRock as head of its alternative investment strategy group for North Asia.
Based in Seoul, Mr. Lee, who joined the firm on January 8, is responsible for strengthening BlackRock’s alternative investment platform to meet clients’ dynamic investment needs in North Asia, as well as developing new regional investment opportunities for global clients.
This newly created role complements the hires of Joseph Pacini as head of alternative investment strategy group for Asia Pacific and Andrew Landman as head of alternatives in Australia in March and December 2012, respectively. Mr. Lee reports to Mr. Pacini.
Mr. Pacini said: “We are dedicated to delivering exceptional alternative investment ideas to our clients in Korea and across Asia Pacific. The appointment of Jeong Hoon underscores this and BlackRock’s ambition of bolstering our capabilities in markets where we see growth potential. Jeong Hoon’s breadth and depth of expertise will help us propel the growth momentum of our alternatives business across the region.”
Mr. Lee has more than 15 years of industry experience, most recently as head of the Fortress Investment Group in Seoul. He was previously at Darby Private Equity, a subsidiary of Franklin Templeton Investments.
“Jeong Hoon’s appointment demonstrates our commitment to expanding BlackRock’s alternatives business in the region. As alternatives vie to become part of the new mainstream in Asia, we are focused on bringing investment opportunities outside the region to our Asian clients as well as focusing on emerging opportunities in Asia for our global clients,” added Mr. Pacini.
As at December 31, 2012, BlackRock was managing approximately US$113 billion in alternative assets globally, of which over 20% were from the Asia Pacific region.
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