Truston Asset Management Replaces CIO After 13 Years... Appoints Executive Director Wonseon Lee

[Asia Economy Reporter Minji Lee] Truston Asset Management announced on the 1st that it has replaced the Chief Investment Officer (CIO) of its equity management division for the first time in 13 years. Hwang Seong-taek, who had concurrently served as both CIO and Chief Executive Officer (CEO), will step down from the CIO position.

Truston Asset Management appointed Executive Director Lee Won-seon, head of the Research Center, as the new CIO. Lee, a former member of the Daewoo Economic Research Institute, set a record as the first female head of a research center in Korea while working at Taurus Securities and has led Truston's Research Center since 2014. Lee is recognized as a first-generation domestic quant analyst who laid the foundation for quantitative analysis in the Korean stock market.

Lee stated, “I will strengthen the capabilities of Truston’s excellent in-house research team, which is one of its strengths, to build a system that can generate sustainable and stable returns. Leveraging our strengths in portfolio and asset allocation strategies based on quantitative analysis, we aim to become a leading firm in retirement pension management.”

Hwang Seong-taek, stepping down from the CIO role after 13 years, plans to focus on long-term management strategies and overseas sales, as well as support the management of ESG funds, which have recently emerged as Truston’s flagship products.

This content was produced with the assistance of AI translation services.