Placement agent FIRSTavenue has appointed Richard Kim as a principal to lead the firm’s new office in Seoul. Previously, Kim led the alternatives placement business of Heungkuk Securities.
LONDON / NEW YORK – FIRSTavenue, a leading global private funds and corporate placement agent, is pleased to announce that Richard Kim will join as Principal to lead a new office in Seoul. The office is located at IFC Three, Yeongdeungpo-gu, Seoul.
For the past 5 years, FIRSTavenue have enjoyed working with Mr. Kim in his capacity as their key relationship manager and senior sales executive covering South Korea, with various broker dealers. He will now work directly for FIRSTavenue co-ordinating FIRSTavenue’s relationship with local broker dealers. Mr Kim had previously established and led the alternatives placement business of Heungkuk Securities and before that, Hanwha Investment & Securities and KB Securities.
“I am delighted to have officially joined First Avenue at a time when Korea is truly coming into its own. I look forward to working closely with the team to distribute and execute first class mandates,” commented Mr. Kim.
“We expect to reap the benefits from having our own presence on the ground at a time when Korean institutional appetite for international alternative investments is set to grow significantly. GP’s by law need to have a local Korean broker / dealer partner, we can provide this as well as a full service to our clients in a US and UK / EU regulatory environment”, commented Mr. Paul Buckley, Managing Partner.
FIRSTavenue is a leading independent global advisory and capital placement business focused on private funds and private companies. FIRSTavenue covers the significant investors in the developed world and developing world. FIRSTavenue is differentiated by the breadth and depth of its reach through five global offices and benefits from a large team of former pension consultants on staff. FIRSTavenue’s clients include leading GPs and management teams across the key private market and industry sectors: private equity, private credit, real estate and real assets. See firstavenue.com.