[THE INVESTOR] British asset manager Baring Asset Management has named Ike Bae as new chief executive officer of its unit in South Korea, the firm said on Sept. 5.

Joining Baring Asset Management Korea in 2011, Bae has been in charge of sales and client service of Barings’ offshore funds and global investment service to Korean retail distributors and institutional clients. 

He previously served as the head of alternative investment and private banking department at Korea Investment & Securities as well as sales head at Alliance Bernstein Investment Management. 

Replacing the incumbent CEO Thae Khwarg, Bae is expected to officially take office by the end of the year.

The Korean unit was launched after Barings acquired local wealth manager SEI Asset Korea in 2013 in a bid to boost its presence in the country.

By Park Han-na (hnpark@heraldcorp.com)