Credit Suisse has announced the appointment of Yong-Moon Kim, a 17-year investment management veteran, as a Managing Director and Head of Global Equities for Asset Management.
Yong-Moon becomes the eleventh new recruit in recent months, part of a drive to grow and enhance Credit Suisse's Asset Management Equities business around the world.
In his new role, Yong-Moon will lead a team of four portfolio managers and two assistant portfolio managers based in Zurich to manage the CHF 3.7 billion (c. €2.09bn) in client funds invested in the global equities strategy. In addition, he will focus on growing the business and product range and will report to Kim Goodwin.
Yong-Moon joins Credit Suisse from Mirae Asset Global Investment Management in Hong Kong where he was a Managing Director and Chief Investment Officer.
Kim Goodwin, Head of Equities for Asset Management at Credit Suisse, said, "I am thrilled that Yong-Moon is joining us and I believe he will provide great leadership and investment insight for our Global Equities team. This appointment is another step in the enhancement of our investment capabilities in Equities and in our continuing effort to build our Equities business around the world. It follows a number of appointments announced recently of Equity portfolio managers based in both London and Sydney.
"His appointment continues to strengthen our Equities business globally and further demonstrates our commitment to recruiting the highest caliber individuals in order to deliver superior investment performance for our clients," she said.
Yong-Moon brings to this role more than 17 years of portfolio management and equity research experience, and a strong track record in driving performance and investment growth.
Yong-Moon, added, "I am delighted to be joining a growing team at a very exciting time for Credit Suisse and I look forward to the challenges that my new role will bring."
Prior to Mirae Asset Global Investment Management he was head of Institutional Equity Research at Good Morning Shinhan Securities in Seoul. He also spent four years at UBS as a senior analyst working in New York, Hong Kong and Korea and has worked as a portfolio manager in the US and the UK.
Source: Credit Suisse