Egis Asset Management has appointed Seo Seong-yong, head of its hedge fund management division, as the new leader of its securities division. The firm aims to strengthen its absolute return strategy, focusing on securing institutional investors and corporate clients.
According to Egis Asset Management, Seo will officially take over as head of the securities division on November 1. He succeeds Jang Ji-young, who led the division for nearly four years and stepped down at the end of September after completing his term. Jang will serve as an advisor starting in November.
Seo joined Egis Asset Management in 2022 and has been leading the multi-asset investment division (now the hedge fund management division), where he developed a fund lineup investing in stocks, bonds, public offerings, mezzanine financing, and unlisted stocks. As of the end of the first half of this year, the cumulative assets under management for these funds reached approximately 630 billion won.
Since establishing the securities division in 2022, Egis Asset Management has expanded its investment scope from a focus on bonds and REITs to include stocks, mezzanine financing, and global asset allocation. Under Seo's leadership, the firm plans to enhance its sales efforts targeting institutional investors, corporations, and family offices based on its existing management foundation.
The core strategy will involve a multi-strategy absolute return approach that combines marketable and non-marketable assets. The bond investment division will continue to provide investment solutions utilizing domestic and international bond assets, while the securities division plans to expand its marketing team to enhance outreach to institutional and corporate clients.
However, there are currently no plans for additional hiring or organizational restructuring within the securities division. An Egis Asset Management representative stated, "There are no plans for additional hiring at this time," adding that this appointment should be viewed as part of the regular personnel changes for the second half of the year. The representative noted that there is a possibility of increasing staff in the future depending on the performance of the absolute return strategy.
Seo previously managed equity funds at Mirae Asset Global Investments and was responsible for investments in stocks, real assets, private equity funds, and venture capital at the National Pension Service's fund management headquarters. He later established a multi-asset management team at Koramco Asset Management, managing funds that combined real estate-related assets such as listed REITs.
Seo has expressed his intention to enhance the competitiveness of the securities division through a multi-strategy approach that encompasses marketable assets and private deals, while managing volatility and pursuing absolute returns to gain the trust of institutional clients.
* This article has been translated by AI.
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