Timefolio Asset Management has appointed Cha Moon-hyun as its new CEO, transitioning to a dual CEO system. The company aims to strengthen its growth foundation and governance by promoting an internal candidate who has been involved in operations since its inception.
On June 15, Timefolio Asset Management announced its regular executive appointments for 2026, confirming Cha Moon-hyun's selection as CEO, effective July 1.
Cha will lead the company alongside current CEO Hwang Seong-hwan under the new dual leadership structure.
Born in 1972, Cha has been part of Timefolio Asset Management's growth journey since its early days. As Chief Operating Officer (COO), he has overseen overall operations and will now enhance management expertise and organizational capabilities through this appointment.
Timefolio Asset Management stated, "This appointment will strengthen our professional management system and enhance the accountability structure across investment sectors."
As part of the changes, Ahn Seung-woo, head of the alternative investment division, will be promoted to vice president and serve as Chief Investment Officer (CIO) for that division. Ahn has led the alternative investment sector since 2015, contributing to portfolio expansion through successful pre-IPO investments.
The company will also establish a new equity investment division, combining the stock management and ETF departments. Shim Hyun-soo has been appointed as the new CIO for this division. Shim is an investment expert with experience as an analyst, quantitative manager, and CIO, and will work to strengthen connections between hedge funds and active ETFs while expanding customer engagement.
Former KB Securities CEO Park Jeong-rim has joined as an outside director.
Additionally, regular promotions were announced. Lee Chan-hwi, head of the first stock management division, Kang Hyun-dam, head of the second stock management division, and Lee Seok-hyun, head of management control, have all been promoted to executive vice president.
The ETF business will expand from two divisions to three, with the establishment of an ETF consulting division to enhance customer communication and sales functions. Jo Sang-jun will be promoted to director and head of this new division, while Kim Nam-ho, head of the ETF management division, and Kim Nam-ui, head of the ETF strategy division, will also be promoted to director.
A Timefolio Asset Management representative stated, "We plan to strengthen management expertise and specialization across divisions through the appointment of the new CEO and organizational restructuring."
* This article has been translated by AI.
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