DS Asset Management, a powerhouse in private equity fund investing, is building an organization to enter the exchange-traded fund (ETF) business, and Jeong Seong-in, Director General of the ETF Consulting Division at Kiwoom Asset Management, is moving to DS Asset Management.
According to the financial investment industry on the 10th, Jeong Seong-in, Director General of the ETF Consulting Division at Kiwoom Asset Management, is set to move to DS Asset Management. Jeong is said to be heading to DS Asset Management as the head of the newly established ETF Headquarters. Jeong told Kiwoom Asset Management last week of the decision to change jobs.
Jeong is said to have ties with Chief Executive Officer Kim Seong-hoon of DS Asset Management, who previously served as CEO at Kiwoom Asset Management. Earlier, in 2024, DS Asset Management appointed Kim, then CEO of Kiwoom Asset Management, as its new CEO.
DS Asset Management has focused on private equity fund management, but as the ETF business has grown rapidly recently, it is pushing to enter the ETF market. In particular, it is expected to pursue a strategy centered on active ETFs, similar to Timefolio Asset Management.
According to Korea Financial Investment Association statistics, DS Asset Management's total assets under management (AUM) amount to 2.6 trillion won, but the size of its public offering funds stands at 81.9 billion won.
Meanwhile, personnel moves continue across the ETF industry. Recently, at Mirae Asset Global Investments, Yoon Byung-ho, head of the Strategic ETF Division, tendered a resignation. Internally, the industry is also focusing on strengthening active ETF capabilities, such as by creating an active ETF team under the research headquarters of the equity management division.