Coramco Asset Trust and its subsidiary Coramco Asset Management noted on the 7th that they will carry out a major organizational restructuring to establish clear roles in investment and management and enhance investor accessibility.
This organizational restructuring is a follow-up measure following last month's reform of the co-representative system for the institutional sectors of real estate investment trusts, funds, and real estate trusts, as part of the 'One Coramco' strategy aimed at maximizing operational interconnectivity and efficiency while enhancing organizational specialization.
First, the real estate investment trust division of Coramco Asset Trust simplified its organizational structure by dividing the previously segmented divisions of real estate investment trusts 1, 2, 3, and development into two sectors: real estate investment and value investment. Additionally, the team structure within the division has been streamlined based on specialization, merging duplicative organizations to create a tripartite system for investment organizations, funding organizations, and asset management.
The organizational structure of its subsidiary Coramco Asset Management, which handles real estate funds, has undergone significant changes. In addition to the previously existing domestic sector, overseas sector, and securities sector, a new strategic investment sector has been established with plans to drive strategic asset investment and expand its real estate investment trust business.
In addition, the work of each headquarters has been specialized based on expertise. To this end, the names of the headquarters have been clearly defined as real asset investment, development investment, structured investment, future growth investment, corporate investment, and multi-asset. Furthermore, it enhances the middle office's role, which serves as an intermediary between the sales and management organizations, to provide proactive sales support. The middle office comprises the Research & Strategy department, which systematizes market analysis and investment strategies, the capital markets team that attracts overseas investment funds, and the investment funding team that recruits domestic small to medium-sized investors, along with the technical support department responsible for on-site support in development projects.
Coramco Asset Management aims to enhance systematic investment support through the middle office while significantly strengthening organizational expertise to elevate its status as a specialized real estate management company and provide differentiated services compared to competitors.
Along with this, the overall management organization will be strengthened. The technology department, legal department, talent development department, and environmental, social, and governance (ESG) strategy team, which previously existed separately, will be integrated into the management sector to enable more systematic sales support. This is interpreted as a move to undergo a rigorous reorganization of the management support organization to expand global operations.
Jeong Seung-hoe, CEO of Coramco Asset Trust, said, "The more difficult it becomes, the more we will solidify our foundation and achieve qualitative growth to once again demonstrate our leading position in the real estate investment market under 'One Coramco.'"
Founded in 2001, Coramco Asset Trust is the top management company in the domestic private real estate investment trust market, securing about 20% market share. Along with the real estate trust business, it also operates the real estate fund business through its subsidiary Coramco Asset Management. Living culture company LF is the major shareholder, with Kiwoom Securities, Woori Bank, Korea Development Bank, and Shinhan Bank among the main shareholders.