Global asset manager Barings has announced the appointment of a new Chief Executive Officer in Korea. Former CEO Thae Khwarg retired in December 2016 after more than 20 years with the firm.
Ike Bae becomes Barings Korea CEO with immediate effect, the asset manager said in a press statement this morning. He joined Barings in Korea in 2011, where he has led its Korean institutional and mutual funds businesses as Head of Sales.
Prior to joining Barings, Bae (pictured left) worked at Hanwha Securities and AllianceBernstein Investment Management (Korea). Replacing Bae in his role as Head of Sales will be Wonil Kim, who was previously Head of Institutional Sales in Korea. In September last year, as finews.asia reported, Barings announced the integration of Baring Asset Management, Babson Capital Management, Cornerstone Real Estate Advisers and Wood Creek Capital Management under the Barings brand.
Independent Foreign Asset Manager
«Ike has been instrumental in helping to grow our business in Korea. Korea is a dynamic market and a strategic priority for our Asia business as we look to build out our platform with our newly expanded capabilities and product set,» said Gerry Ng, Barings’ CEO for Asia Pacific ex-Japan.
Barings is an independent foreign asset manager without an affiliated distributor in Korea and has seen steady growth in its assets under management, which surpassed $9.5 billion in December 2016.
