Aegis Asset Management Appoints Oh Tae-seok as Head of Infrastructure Division

Aegis Asset Management announced on the 3rd that it has carried out an organizational restructuring and regular personnel appointments. The strategy is to enhance the competitiveness of the alternative investment division through consecutive organizational reforms, while also strengthening meticulous responses and internal controls for overseas investment funds.

Through this personnel appointment, Aegis Asset Management newly appointed Oh Tae-seok as the head of the Infrastructure Division. Oh Tae-seok, who joined when the Infrastructure Strategic Investment Part was established in 2022, is an investment expert who has dedicated over 20 years to the infrastructure field, having worked at Macquarie Capital, Samchully Asset Management, and Shinhan Asset Management (formerly Shinhan Alternative Investment Management). Going forward, he plans to focus on expanding the independent competitiveness of Aegis’s infrastructure division and exploring new business opportunities.

Aegis Asset Management explained that domestic and overseas infrastructure sectors are attracting increasing interest from institutional investors as an investment alternative amid the relative weakness of the real estate sector, including development projects and overseas offices. These sectors are characterized by large scale, long-term, and stable income pursuits, such as energy, digital infrastructure, and social overhead capital.

Last November, Aegis Asset Management also implemented an organizational restructuring to respond to the rapidly changing overseas real estate market. The existing GAM (Global Asset Management) division, which manages overseas assets, and the organization that makes new overseas investments were integrated into a unified ‘Global Asset Division.’ This restructuring aims to efficiently utilize overseas specialists and strengthen responsible management of investment assets. Additionally, to swiftly respond to the overseas real estate public fund crisis and deploy company-wide capabilities, a public fund response task force has been operating since last September.

With this organizational restructuring, Aegis Asset Management has established a nine-division representative system (Real Asset, Global Asset, Infrastructure CM, REITs, AI, Securities, and Management Support divisions). Aegis operates an independent profit center system centered on division heads to ensure expertise and independence according to work areas.

Earlier in the second half of last year, Aegis also carried out an organizational restructuring to strengthen internal control and risk management capabilities. It appointed Lee Chi-hyung, a leading compliance expert in the industry and former vice president of Port Korea Asset Management, as the new Chief Compliance Officer. Notably, the compliance and risk management organization was significantly reinforced by establishing a new executive organization called the Operation Support Center within the Risk Management Office.

Chief Compliance Officer Lee was a pioneering figure in the industry who took charge of the practical introduction of compliance systems when real estate funds were first launched in Korea. He also served as vice chairman of the Compliance Officers Council from 2015 to 2020. His capabilities have been recognized to the extent that he received commendations from the Financial Services Commission, the Ministry of Strategy and Finance, and the Korea Financial Investment Association president.

Lee Gyuseong, head of the Management Support Division at Aegis Asset Management, said, "The recent organizational restructuring focuses on enhancing capabilities to continuously offer investment alternatives to clients even in difficult market conditions, as well as strengthening internal control and risk management functions to further solidify trust." He added, "We will continue to flexibly respond to market conditions while unwaveringly upholding the principle of prioritizing the protection of our clients’ assets."

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