Barings has appointed John Park as head of Korea and the sole representative director of Barings Korea, effective January 1 2024. Park is currently co-representative director of Barings Korea.

Ike Bae, co-representative director of Barings Korea, will retire in December after 12 years of service.

Park joined Barings Korea in 2000, formerly SEI Asset Korea, and was promoted to chief investment officer in July 2008. He served as co-representative director of Barings Korea alongside Bae most recently.

Meanwhile, Hong Kim and Sam Kim have been appointed co-heads of sales for Barings Korea, assuming expanded responsibilities. Both executives managed the institutional business for Korea most recently.

Barings’ Korea business has seen steady growth in assets under management, which surpassed 15 trillion won ( US$11.4 billion ) in September 2023.