Hong Ki-myung

In this Korean name, the family name is Hong.
Hong Ki-myung
Hangul
홍기명
Revised RomanizationHong Gimyeong
McCune–ReischauerHong Kimyŏng

Hong Ki-myung (Korean: 홍기명; born 1959), also known as Kim Hong, is a South Korean financier.[1][2]

Education and career

Hong earned his MBA from the University of Chicago's Booth School of Business.[3] He began his career in finance in the mid-1980s, working at a number of industry firms including Citigroup and Bankers Trust.[3][4] In 2001 he moved to JPMorgan Chase, to become head of their Seoul branch.[4] He became well known in the South Korean finance industry for his role, and at one point it was thought that he would be named head of the Korea Investment Corporation, the sovereign wealth fund managing South Korea's foreign exchange reserves.[5] He later relocated to Hong Kong, while remaining with JPMorgan Chase.[4][5]

In 2007, Hong moved from JPMorgan Chase to Bank of America, where he took up a position as head of global markets for Asia-Pacific.[5] He would continue to be based in Hong Kong.[5] In June 2008, Hong was promoted to Asia-Pacific president, again based in Hong Kong, reporting to Jonathan Moulds. Hong replaced Colm McCarthy, a 30-year BofA veteran who planned to retire.[6] Six months later in December 2008, BofA acquired Merrill Lynch, BofA stated that former Merrill CFO Nelson Chai would relocate to Hong Kong to head the firms' newly merged Asia Pacific businesses.[7] However, just two months after his appointment, Chai resigned, and BofA again named Hong as Asia-Pacific president.[2][8]

In 2010, PIMCO hired Hong to manage their Asia-Pacific business, with responsibility for offices in Hong Kong, Singapore, Sydney, and Tokyo. PIMCO also named him a member of their Global Operating Committee. He continued to be based in Hong Kong, reporting to COO Douglas M. Hodge, who previously held the position of Asia-Pacific head.[9] Hong retired in 2013.[10]

References

  1. ^ "洪起明：投行业务将会更加简单 [Hong Ki-myung: Investment banking business will be simplified further]", The Economic Observer, 2009-04-19, retrieved 2011-09-23
  2. ^ a b Chan, Cathy (2009-02-03), "Bank of America Said to Name Hong as Asia Chief as Chai Leaves", Bloomberg, retrieved 2011-09-23
  3. ^ a b "핌코, 아시아 헤드에 홍기명씨 임명 [Hong Ki-myung appointed PIMCO Asia head]", Maeil Business Newspaper, 2010-07-19, retrieved 2011-09-23
  4. ^ a b c 이태훈 [Yi Tae-hun] (2008-06-13), "美BOA 아시아담당 사장 홍기명씨 [Hong Ki-myung to take charge as US's BOA Asia president]", Korea Economic Daily, archived from the original on 2012-04-05, retrieved 2011-09-23
  5. ^ a b c d "BOA, 아시아 마켓책임자에 JP모건의 홍기명씨 영입 [JP Morgan's Hong Ki-myung takes up post as BOA Asia markets head]", Maeil Business Newspaper, 5 June 2007
  6. ^ Gopalan, Nisha (2008-06-12), "Bank of America names Ki-Myung Hong as Asia president", MarketWatch, retrieved 2011-09-23
  7. ^ "Bank of America names Merrill CFO to head Asia", Reuters, 2008-12-18, retrieved 2011-09-23
  8. ^ "BOA appoints new Asia head", JoongAng Ilbo, 2009-02-24, archived from the original on July 7, 2012, retrieved 2011-09-23
  9. ^ "Pimco hires new head of Asia Pacific region", Reuters, 2010-07-18, retrieved 2011-09-23
  10. ^ Powell, Leigh (1 March 2013), "Pimco's head of Asia-Pacific steps down", Asian Investor, retrieved 29 May 2023, Ki Myung (Kim) Hong takes the decision to retire, effective yesterday, confirms a spokeswoman. He is replaced on an interim basis by global COO Douglas Hodge.