IFM Investors opens office in Korea
Institutional fund manager, IFM Investors has announced the opening of a new office in Seoul, South Korea, which is a part of its international footprint expansion, and has appointed Kelly Ki Jeong as its new client relationship director.
With last year’s opening expansion to Hong Kong, the firm’s new Seoul office would be its eighth globally.
As Korean institutional investors were increasingly allocating to non-traditional asset classes in order to fund retirement for its aging population, IFM Investors said that its investor-aligned ownership structure would help success in this market.
The company would aim to strengthen partnerships with Korean clients, and in particular with those of them who sought diversifying their investments offshore across infrastructure debt and equity asset classes.
IFM Investors’ chief executive, Brett Himbury said: “More than ever, Korean pension and insurance investors are embracing IFM Investors investment model, and our investor-first approach, in order to diversify globally and add to their risk adjusted returns.
“Importantly, the opening of our latest office in Seoul will not only allow the firm to build and deliver scale to meet the global needs of our institutional investor base, but also serve to expand IFM Investors’ global presence and, ultimately, the people and communities we seek to serve.”
Currently IFM Investors has offices in Melbourne, Sydney, New York, London, Berlin, Tokyo and Hong Kong, with more than 40 per cent of the firm’s investment professionals based outside Australia.
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