Posted inRest of APAC

Threadneedle expands ops in Korea

Threadneedle Investments has set up a representative office in South Korea and has poached Samsung Asset Management’s Chris Lee as Korea chief representative.

Lee has more than 20 years of experience in managing and advising on institutional investments as both an internal and external investment manager. 

At Samsung Asset Management in Korea, Lee was head of the overseas investment team, responsible for global asset allocation funds and managing key relationships with Korean institutional investors. 

In addition, he established and led Samsung Asset Management operations in Singapore as managing director and chief executive. 

His stints also include Samsung Life Insurance in Seoul and Samsung Life Investment in the UK.

Threadneedle’s Korea office, which is already operational, was set up to target opportunities to serve institutional investors in Asia.

Raymundo Yu, chairman, Asia Pacific said: “In recent years, the Korean market has become increasingly integrated with global financial markets and, as a result, Korean institutional investors are increasingly seeking to access overseas markets in order to achieve better risk diversification and improved returns.” 

Part of New York Stock Exchange-listed Ameriprise Financial, Threadneedle established its presence in Asia in 2008 and has offices in Singapore, Hong Kong, Taiwan and Malaysia. 

As part of its Asia expansion drive, the asset manager started operations in Malaysia in January.

Furthermore, with an intention to build its local investment management and manufacturing capabilities, the fund house rolled out a total of four new funds in Singapore during April-May, all being managed by its Singapore-based investment management team. 

 

Part of the Mark Allen Group.