July 14, 2020

NH-Amundi Asset Management taps CMO as CEO

PUBLISHED : July 31, 2019 - 15:05

UPDATED : July 31, 2019 - 15:15

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

Seoul-based NH-Amundi Asset Management has tapped its incumbent chief marketing officer Bae Young-hoon as its new chief executive officer.

Bae, 58, was named to head the company by a nomination committee on July 30. The decision awaits shareholders’ approval on July 31 at 5 p.m.

NH-Amundi Asset Management CEO nominee Bae Young-hoon

Founded in 2003, NH-Amundi is a subsidiary of holding firm NongHyup Financial Group, which owns a 70 percent stake. Paris-based Amundi Asset Management holds 30 percent. NH-Amundi is currently the seventh-largest asset management firm in Korea by assets under management, which stands at 36 trillion won ($30.4 billion).

Bae started his career at National Agricultural Cooperative Federation in 1985 and had been working at NongHyup Bank until he joined NH-Amundi in 2017 to head its marketing division.

He earned a master’s degree in business from Hanyang University and a bachelor’s degree from Chonnam National University.

Bae will replace Park Kyu-hee, who stepped down as he was named for the audit committee of NACF in June 2019. NACF wholly owns NongHyup Financial.

By Son Ji-hyoung (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Publisher. Editor : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099