Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced that it has appointed Sung Eun Ahn as Chairman, Korea, effective February 1, 2024. Based in Seoul, Sung Eun will help to support Stonepeak’s APAC business and the diligent execution of the firm’s investment strategies in the region.
Sung Eun joins Stonepeak with significant financial services and leadership experience, having most recently served as Chief Country Officer, Korea at Deutsche Bank AG, a position he held for more than 10 years. Prior to that, for nearly a decade he served as Chief Executive and Head of Investment Banking for Korea at Bank of America Merrill Lynch. In those positions, he advised on more than $150 billion in cross border and domestic M&A transactions and helped Korean corporates, financial institutions, and government entities raise more than $30 billion in the overseas capital markets through debt and equity issues.
“We are thrilled to welcome Sung Eun to the Stonepeak team as we continue to strategically invest in Korea and throughout Asia,” said Hajir Naghdy, Senior Managing Director at Stonepeak. “Sung Eun is a highly respected business leader, with more than 30 years of experience in the market and deep relationships throughout the industry. We believe his expertise will be a valuable addition to our boots-on-the-ground and local partnership-focused approach to asset sourcing and management.”
“I have been thoroughly impressed by Stonepeak’s diligent expansion in APAC,” said Sung Eun Ahn, incoming Chairman, Korea at Stonepeak. “There is ample opportunity for infrastructure investment in the Asia Pacific region – from renewables, to transportation and logistics, to digital infrastructure – and in getting to know Stonepeak’s investment strategy, I believe the firm is well-positioned to capture that opportunity. I look forward to joining the team and helping the firm continue to identify high-quality investment opportunities in the region.”
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