M&G Real Estate (M&G), part of M&G’s $93.2bn private markets business, has promoted Daniel Cho as Head of Korea, as the firm seeks to strengthen and intensify engagement in the Korean real estate market.
Based in Seoul, Cho will spearhead M&G’s growth initiatives and deal-sourcing capabilities in Korea’s real estate sector. He succeeds Ryu Hyesik, who is leaving to pursue personal projects.
“[Cho’s] extensive industry experience, coupled with his strong track record of driving successful real estate transactions, will be invaluable as we continue to expand our presence in the Korean market,” said Jing Dong Lai, CEO and CIO, M&G Real Estate Asia.
“Hyesik has made a significant contribution to the growth of our Korean business during his tenure at M&G and we wish him all the best in the future,” he added.
Cho has 15 years of industry experience, previously serving as director of acquisitions for M&G Real Estate in Korea, where he played a key role in driving the firm’s real estate investment activities in the market, according to the firm.
He has been involved in sourcing and executing on and off-market transactions, as well as structuring real estate deals to maximise risk-adjusted investment returns. His background also includes stints at KKR’s Asia real estate team, Mapletree and Ascendas.
Cho will report to Lai, and he will also be working in close collaboration with Peter Kim, head of Korea Branch Office, M&G Investments, to further develop and deepen key relationships in the market.