KOREA - Standard Life Investments has hired John Shin as its chief representative in Korea, based in Seoul.
Shin will report to James Cooper who is in charge of business development for Korea.
He joins SLI from Fidelity Investments’ Korean operation where he was the head of marketing.
Kevin Smith, chief executive officer of SLI (Asia), said: Korea represents a key growth market for the region and we are delighted that John has joined our team to build a successful presence in the country.
“His experience and local market knowledge will help support our commitment to Korea.
James Cooper, investment director, said: “While many international investment houses have already started distributing offshore funds in Korea, we do not feel that they have adequately addressed local investors’ concerns. We believe that the products we are currently developing will help to ease their apprehension, allaying Korean investors’ anxiety about investing overseas.”
SLI opened its Hong Kong office in February 2001 and a representative office in Seoul in May 2002. The firm currently manages approximately US$2.5bn in Asia Pacific (ex-Japan) equities.
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