Company Expansion - Apollo has opened a new office in Seoul, South Korea, and appointed Jay Hyun Lee as Partner and Head of Korea to support its growth plans in the market [1][4] - The firm has a successful track record in the Asia Pacific region, having established its presence in major cities such as Tokyo, Sydney, Hong Kong, Mumbai, and Singapore since 2006 [2] Leadership and Strategy - As Head of Korea, Lee will focus on driving Apollo's capital formation strategy, building institutional relationships, and expanding the team in South Korea [3] - Lee brings 25 years of financial services experience, previously serving as Senior Executive Vice President at Samsung Securities and holding key roles at Goldman Sachs, BNP Paribas, J.P. Morgan, and KPMG Korea [5] Market Opportunity - Apollo views South Korea as a leading financial hub with significant opportunities to serve investors and retirees, addressing the growing demand for flexible and creative capital solutions [4] - The firm aims to collaborate with pensions, insurers, and other institutions to provide yield-oriented solutions for individuals and savers seeking duration-matched income products [4] Academic Collaboration - Apollo has appointed Dr. Sam Young Chung, a professor at Yonsei University, as an Academic Advisor in Asia Pacific to leverage his expertise in retirement solutions and alternative assets [6] Company Overview - Apollo is a high-growth global alternative asset manager with approximately $733 billion in assets under management as of September 30, 2024 [7]
Apollo Opens Seoul Office and Names Jay Hyun Lee Head of Korea as Part of Continued APAC Expansion