BlackRock has named Yoon Pyo (YP) Lee as managing director, head of South Korea, effective 20 December 2024.
Based in Seoul, Lee (pictured) will be responsible for developing and executing a long-term business strategy for BlackRock in South Korea, where institutional investors are increasingly diversifying investment portfolios in alternatives, active and index to build resilience and achieve financial goals, according to a statement by the world’s largest asset manager.
Hiroyuki Shimizu, BlackRock’s deputy head of Asia Pacific, said: “[Lee’s) deep investment expertise is particularly relevant at present, given clients and investors are looking for whole portfolio advice to diversify investment more globally. We will continue to focus on deepening conversations with investors in South Korea.”
Lee has more than 25 years’ experience in private and public market investment, as well as business development, and possesses a thorough understanding of Korea’s market and dynamics.
Lee said: “BlackRock’s diverse investment capability is well placed to serve an institutional investor base that’s becoming increasingly sophisticated in asset allocation.”
He joins BlackRock from Morgan Stanley Investment Management, where he was head of Korea, responsible for driving the company’s asset management business across public and private market strategies.
Before that, Lee Pyo was co-CEO at Truston Asset Management, responsible for building the company’s private market practice and managing its fixed income business.
Lee spent more than seven years at the National Pension Service (NPS) of Korea as head of global private market investment and later became head of investment strategy. He was a member of the NPS’ investment committee and sat on the special committee for private market investment. He also worked at Macquarie Group, Ernst & Young and KPMG in investment and M&A transaction advisory capacities.
