London-headquartered M&G Investments makes a senior hire in Asia, as part of its strategy to grow its presence across key markets in the region.

Investment manager M&G Investments has appointed Peter Kim as the head of Korea to expand its business pursuits in South Korea.

In this newly-created role, Kim will play a key role in executing the group’s strategic vision and cultivating relationships with business partners, the firm said in a statement. Based in Seoul, South Korea, he will report to Berny Lin, head of distribution Asia (ex-Japan) for M&G.

Kim brings a wealth of experience to the role, joining M&G Investments from Lazard Korea Asset Management where he served for more than a decade as the institutional and regional marketing representative, the firm continued. During his tenure, he was responsible for managing the growth of Lazard’s key business relationships with pensions and mutual funds, life insurers and banks in South Korea.

“Peter’s appointment underscores our unwavering commitment to enhancing our offerings and growing our footprint to better serve our diverse clientele in Korea. With his knowledge and extensive experience in the Korean market, Peter will play an instrumental role in supporting the growth of our business in South Korea as we enter this exciting chapter of regional growth,” M&G’s head of Asia Pacific, Loretta Ng said. 

Kim, who has nearly three decades of experience in the South Korean market, has worked with various leading investment firms and banks including Standard Chartered, BNP Paribas, UBS Warburg, and Daewoo Securities, the firm continued. His understanding of the market will help M&G carry out this important part of its Asian strategy. With $366 billion in assets under management as of the end of last year, M&G Investments said it is continuing to grow its presence across key markets in Asia to complement its already-well-established footprint in the United Kingdom and Europe.

“South Korea presents a dynamic landscape, with a significant demand from institutional clients. M&G, with its extensive investment capabilities, as well as its global footprint and local knowledge, is in a unique position to cater to the needs of these clients. I am delighted to be leading the initiative to fortify our presence in South Korea and contributing to the broader Asia strategy,” Kim added. 

“In recent months, we have welcomed a growing number of influential individuals across the region. This appointment in Korea follows the addition of Manabu Fujita as our new head of Japan,” Loretta Ng, head of M&G Asia, said. See more here.