KCGI Asset Management has appointed Mok Dae-kyun as chief investment officer (CIO) and Cho Won-bok as chief marketing officer (CMO) as new co-CEOs, it announced on the 18th.
KCGI Asset Management held an extraordinary general meeting of shareholders the previous day and changed its management structure from a single CEO system to a co-CEO system. Kim Byung-cheol has been designated as the CEO of Hanyang Securities, leading to subsequent personnel changes.
KCGI Asset Management explained, "This decision was made to promote balanced growth in the institutional sector of management and marketing, and to establish a responsible management system for each specialized field to enhance work efficiency through expedited decision-making."
The newly appointed CEO, Mok Dae-kyun, who oversees the management sector, started as an analyst at Daewoo Securities' research center and previously served as the head of the global management division at Mirae Asset Global Investments. He is a first-generation overseas fund manager who has managed Mirae Asset's representative global funds such as Insight, Global Great Consumer, and G2 Innovator.
The newly appointed CEO, Cho Won-bok, who oversees the management and marketing sectors, joined Tongyang Investment Trust Management, and has held positions as the head of equity management at Tongyang Asset Management, head of customer asset management at Tongyang Securities, and head of the Employment Insurance Fund management at Korea Investment & Securities. He is considered an expert with comprehensive experience in management and marketing.