GLOBAL alternative asset manager The Carlyle Group announced that John Kim will join the firm as a managing director of the Asia Buyout Team effective March 2020. Kim will lead Carlyle’s investment activities in Korea.
Joining from Goldman Sachs, where he served as head of Mergers & Acquisitions in Asia ex-Japan, Kim brings more than 20 years’ experience in the financial industry. He previously served as the bank’s co-country head of Korea and head of Investment Banking in Korea and joined the firm in 2000 as an executive director for Corporate Finance in Seoul.
X.D. Yang, managing director and chairman of Carlyle Asia, says “John is an experienced leader in the region and has a wide range of experience working on significant transactions throughout Asia. We believe his background and deep understanding of the Korean market will help us position the business for the future and continue to create value for all of our stakeholders in the region.”
Greg Zeluck, co-head of the Asia Buyout team, says “John joins at an exciting time for Carlyle in Korea. We see compelling opportunities, driven by restructurings within the corporate sector, multinationals and chaebols looking to divest non-core businesses, and generational changes. John will be a strong addition to the team as we continue to increase our investment in Korea.”
The Carlyle Group was one of the first global investment firms to establish a presence in Korea, having operated in the country for 20 years. As of June 30 2019, the firm has invested more than US$1.5 billion of equity in Korea. Among the firm’s most recent and notable transactions has been its investment in ADT Caps, Korea’s second largest security services provider, and Yakjin Trading Corp, a major Korean apparel manufacturer.