Park to take helm at Eastspring Asset Management Korea

NEWS

05 October 2012

Category: News, Asia, Korea

Eastspring Investments, the asset management arm of Prudential Corporation Asia, has announced that Woong Park has been appointed CEO of Eastspring Asset Management Korea Co Ltd, effective next Monday (October 8). He will report directly to the Hong Kong-based Chief Executive of Eastspring Investments, Graham Mason.

Mr. Park will be responsible for driving and developing Eastspring Asset Management Korea’s business, both in institutional and retail sectors.

“I am delighted to welcome an executive of Mr. Park’s calibre to our regional leadership team,” Mr. Mason said.

“Not only does he bring extensive industry experience – in research, portfolio management and marketing – he is a strong leader and is widely respected within the industry. Mr Park’s experience across various key functions within asset management from managing money and making investment decisions, through to building institutional business and managing marketing campaigns brings significant value to our business.”

Prior to joining Eastspring Asset Management Korea, Mr. Park was CEO and president at Mirae Asset Global Investments (HK) Ltd. He previously held the role of international chief marketing officer for Mirae Asset Global Investments in Korea, a role he held since 2010.

During the past 15 years, Mr. Park has worked in many of the world’s key financial centres, including New York, London, Hong Kong and Singapore for organisations ranging from Hyundai Securities and Merrill Lynch to Morgan Stanley and Woori Investment & Securities. He began his career as an analyst and fund manager before taking on roles such as a strategist, head of research and institutional business and chief marketing officer.

Mr Park takes up the role from Wonki Lee, another industry veteran who is taking a corporate career break after leading the Korea business for Eastspring Investments for two-and-half years.

“Wonki Lee has played a pivotal role in our Korea business through what have been difficult times for the entire Korea industry. We wish him every success in his future,” Mr. Mason said.