Apollo Expands in Korea with Jay Hyun Lee as New Head
People | Nov 17, 2024 | Apollo
Apollo Global Management, a leading alternative asset manager, has announced its expansion into Korea with the opening of a new office in Seoul and the appointment of Jay Hyun Lee as Head of Korea. This move is part of Apollo's continued strategy to strengthen its presence in the Asia Pacific region, where it has already established operations in key cities like Tokyo, Sydney, Hong Kong, Mumbai, and Singapore. Lee, who joins from Samsung Securities with over 25 years of experience in financial services, is tasked with driving Apollo's capital formation strategy and enhancing institutional relationships in Korea. Apollo sees significant opportunities in Korea's financial sector to provide flexible and innovative capital solutions. Additionally, Dr. Sam Young Chung is appointed as an Academic Advisor to bridge academic expertise with Apollo’s focus on retirement solutions and alternative assets. As of September 2024, Apollo manages approximately $733 billion in assets.
Sectors
- Alternative Asset Management
- Retirement Solutions
- Investment Banking
Geography
- Korea – The focus of Apollo's recent office opening and strategic growth efforts.
- Asia Pacific – Apollo's broader regional strategy which includes offices in several major cities, including the new Seoul office.
- United States – Apollo's headquarters and central operations, influencing its global expansion strategy.
Industry
- Alternative Asset Management – Apollo is a global alternative asset manager, providing private equity and capital solutions.
- Retirement Solutions – Apollo provides retirement-related financial products and services, crucial to its strategy in Korea.
- Investment Banking – Jay Hyun Lee’s background in investment banking highlights the importance of this sector in Apollo's strategic operations.
Financials
- $733 billion – Assets under management by Apollo as of September 30, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apollo | PE Firm | Company | A global alternative asset manager expanding its footprint in the Asia Pacific region. |
| Jay Hyun Lee | Head of Korea | Person | Newly appointed to lead Apollo's Korean operations, bringing extensive financial services experience. |
| Dr. Sam Young Chung | Academic Advisor | Person | Appointed to advise on the integration of academic expertise with retirement solutions. |
| Samsung Securities | Former Employer of Jay Hyun Lee | Company | |
| Goldman Sachs | Former Employer of Jay Hyun Lee | Company |