Barings Appoints John Park as Head of Korea
HONG KONG/KOREA/SINGAPORE (November 9, 2023) Barings, one of the world’s leading investment managers, today announced the appointment of John Park to the position of Head of Korea and the sole Representative Director of Baring Asset Management Korea Limited (“Barings Korea”), effective from January 1, 2024. Park is currently the Co-Representative Director of Barings Korea.
Ike Bae, Co-Representative Director of Barings Korea, will retire from Barings Korea in December 2023 after twelve years of service.
"We are truly thankful for Ike’s contribution to the firm and his commitment to our clients. He has played an instrumental role in strengthening our investment platform and laying the strong foundation for future growth,” said Duncan Robertson, Head of Asia Pacific. “We are also delighted to welcome John to his new role. John has extensive experience developing and managing onshore investment products. His leadership skills and significant investment experience are extremely well placed to drive the next phase of our business in Korea.”
Park joined Barings Korea in 2000, formerly SEI Asset Korea, and was promoted to Chief Investment Officer in July 2008. He served as Co-Representative Director of Barings Korea alongside Bae most recently.
"It’s an honour for me to take on this role," said Park. "I look forward to collaborating closely with our global team of 1,800 professionals and continuing to build on the business’ success and provide the quality of service and investment expertise needed to meet the evolving needs of our clients in Korea.”
Barings is also committed to providing career opportunities and advancement within the firm, as well as cultivating talent and leadership in Asia Pacific. Hong Kim and Sam Kim are appointed Co-Heads of Sales for Barings Korea, assuming expanded responsibilities. Kim and Kim managed the Institutional Business for Korea most recently.
Barings’ Korea business has exhibited steady growth in its assets under management, which surpassed 15 trillion won (US$11.4 billion) in September 2023. Barings is committed to the business in Korea and continues to forge a strong path forward as an independent foreign asset manager without an affiliated distributor in Korea.
About Barings
Barings is a US$347+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.
*As of September 30, 2023
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