Macquarie Korea Asset Management promotes Representative Director Kim Yong Hwan (left) and Lee Soojin (Photo captured from MKAM’s website)
Macquarie Group has promoted two executives at its Seoul-based real asset investment unit, which manages the main Kospi-listed Macquarie Korea Infrastructure Fund that has a 5.57 trillion won ($4.1 billion) market cap as of May 10.
According to banking sources on Friday, Macquarie Korea Asset Management Co. (MKAM), Representative Director Kim Yong Hwan has been appointed as head of Asia-Pacific private equity.
Kim, who became a representative director in March 2020, will maintain his position in Seoul and start the new role for the APAC region.
Lee Soojin, who has served as a director of MKAM since May 2022, has been promoted to executive director. She joined Macquarie Group in 2008 and has led MKAM’s PE funds and investments in sectors such as tank terminal, waste management, media and industrial gas.
It has not been disclosed when Macquarie Group will officially announce the promotions.
There are three people on MKAM board of directors – Kim, Lee and Representative Director Suh Boum Sik. Suh joined the group in 2003 and has led various infrastructure deals in Hong Kong, Singapore, Seoul and Tokyo. He took the current position in October 2019.
By Jun-Ho Cha
chacha@hankyung.com
Jihyun Kim edited this article.
