Apollo Expands into Asia with New Seoul Office and Leadership
Apollo Enhances Presence in Asia with Seoul Office Launch
Apollo, a global leader in alternative asset management, has taken a significant step in its Asia Pacific strategy by opening a new office in Seoul. This move signifies Apollo's commitment to expanding its footprint in a key financial hub in the region. With the leadership of Jay Hyun Lee, who has been appointed as the Head of Korea, Apollo aims to strengthen its relationships with institutions and enhance its service offerings in South Korea.
Building on a Strong Foundation in Asia Pacific
For over 15 years, Apollo has successfully navigated the complexities of the Asia Pacific financial landscape, delivering innovative capital and retirement solutions. The firm has built a substantial presence in major cities such as Tokyo, Sydney, Hong Kong, Mumbai, and Singapore, establishing a solid foundation from which to operate.
Jay Hyun Lee: The Driving Force Behind Growth in Korea
As the newly appointed Head of Korea, Jay Hyun Lee brings with him a wealth of experience in financial services spanning 25 years. His previous role as Senior Executive Vice President at Samsung Securities saw him leading critical functions including mergers and acquisitions and corporate investments. Lee's extensive background in finance positions him perfectly to spearhead Apollo’s initiatives in the Korean market.
A Focus on Capital Formation and Institutional Relationships
In his new role, Lee will focus on developing Apollo's capital formation strategy and fostering institutional relationships across South Korea. His vision aligns with Apollo's goals to serve a diverse range of investors, particularly in a growing market that demands flexible and innovative financial solutions.
Strategic Vision for the Future
Scott Kleinman, Co-President of Apollo Asset Management, expressed confidence in the potential of the Korean market. He stated, "Korea is a leading financial hub where we see a tremendous opportunity to serve investors and retirees across the risk-return spectrum." This statement underscores Apollo's ambition to be at the forefront of meeting the financial needs of a diverse clientele.
A Partnership Approach to Growth
Apollo Partner and Head of Asia Pacific, Matt Michelini, emphasized the importance of partnerships in their growth strategy. He mentioned the firm’s commitment to collaborating with pension funds, insurers, and other institutions to deliver excess return solutions. Such collaborations are essential as Apollo extends its reach across the region's retirement ecosystem.
Jay Hyun Lee's Vision for the Korean Market
Lee conveyed excitement about leading Apollo’s operations in Korea, highlighting the firm’s robust platform that offers private capital and retirement solutions to clients on a global scale. "I look forward to working with Matt and the team across Asia Pacific and the globe to build upon the strong momentum in the region," he said, showcasing his dedication to driving Apollo's growth strategies.
Appointment of Academic Advisor
To further enhance its strategic initiatives in the Asia Pacific region, Apollo has also appointed Dr. Sam Young Chung, a respected academic figure from Yonsei University, as an Academic Advisor. Dr. Chung will lend his expertise to Apollo’s efforts in integrating alternative assets with retirement solutions, signaling a multi-faceted approach to service delivery.
About Apollo Global Management
Apollo Global Management, Inc. (NYSE: APO) is a high-growth, global alternative asset manager known for its comprehensive asset management services. With a focus on maximizing returns across all levels of risk, Apollo has built a strong reputation over three decades. As per the latest reports, the firm manages approximately $733 billion in assets, showcasing its reach and influence in the market. Apollo specializes in providing innovative capital solutions and retirement savings products, aiming to help clients achieve financial security and growth.
Contact Information
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
communications@apollo.com
Frequently Asked Questions
Why has Apollo opened a new office in Seoul?
Apollo aims to strengthen its presence in Asia Pacific, particularly in South Korea, to enhance its institutional relationships and service offerings.
Who is Jay Hyun Lee?
Jay Hyun Lee is the new Head of Korea at Apollo, bringing 25 years of financial services experience, including time at Samsung Securities and Goldman Sachs.
What is Apollo's strategy for the Korean market?
Apollo plans to focus on capital formation strategies and developing relationships with institutional investors in Korea to meet market demands.
How does Apollo define its role in Asia Pacific?
Apollo aims to deliver innovative capital and retirement solutions tailored to the needs of clients across Asia Pacific, leveraging its existing operational presence.
What are Apollo's asset management goals?
Apollo seeks to provide excess return solutions across various risk profiles, supporting investors in achieving financial security and growth.
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