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Suhyup Asset Management Transitions to 'Interim CEO' System Under Lim Gwang-taek Following CEO Kim Hyun-wook's Resignation

[비즈한국] Lim Gwang-taek, Senior Manager at Suhyup Asset Management (former Executive Director at KB Asset Management), has been appointed as the interim CEO of Suhyup Asset Management. He assumed the role temporarily following the resignation of former CEO Kim Hyun-wook. Suhyup Asset Management is currently in the process of appointing a new CEO.

Suhyup Bank acquired Trinity Asset Management last September and subsequently changed its name to Suhyup Asset Management. Suhyup Asset Management had been led by former CEO Kim Hyun-wook since 2020. A veteran equity fund manager, Kim previously served as the head of the equity investment team at KB Asset Management and head of the equity investment division at Yuri Asset Management. He had served as CEO of Trinity Asset Management since 2020 and maintained his position after the firm was acquired by Suhyup Bank and rebranded as Suhyup Asset Management.

According to the corporate registry, former CEO Kim Hyun-wook resigned from his position on March 4 of this year. His term was originally set to expire on March 31. Following his departure, Kim moved to Shinhan Asset Management as a Vice President. Suhyup Asset Management has begun the process of selecting a new CEO, with a final appointment expected around April.

Currently, Senior Manager Lim Gwang-taek is listed as the CEO of Suhyup Asset Management. A Suhyup Bank official explained, "(Senior Manager Lim) is serving as interim CEO, and the process for appointing a permanent CEO is currently underway." The official noted that Lim took the position temporarily because the office of the CEO cannot remain vacant.

Senior Manager Lim Gwang-taek is formerly of KB Asset Management; he moved to Korea Investment Management in 2013 before returning to KB Asset Management in 2018. He was a key figure at the company, serving as Executive Director of the Fixed Income Investment Division and managing fixed-income funds. He has appeared in the media several times and holds a certain level of recognition in the industry.

Lim Gwang-taek retired from KB Asset Management in July 2023 and joined Suhyup Asset Management in May 2024. He is currently in charge of bond-related operations at Suhyup Asset Management.

Suhyup Asset Management recorded a net loss of approximately 1 billion KRW last year. The financial industry is watching closely to see if the new CEO and key management, including Senior Manager Lim Gwang-taek, can improve the company's performance.