IGIS taps managing director Oh Taesuk as infrastructure head

IGIS Asset Management Co., a leading real estate firm in South Korea, said last week it has tapped Oh Taesuk, a real asset expert with more than 20 years of experience, as its infrastructure division head.

Oh joined IGIS as a managing director in January 2022. Before that, he served as a deputy managing director at Shinhan Asset Management Co. for more than four years from 2017 and as a director at Seoul-based Samchully Asset Management Co. for two and a half years from 2015. 

He also spent about 10 years from 2005 at Macquarie Capital, where his last title was associate director. Oh earned a bachelor’s degree in business management from Seoul National University in 2002.

Oh will help secure a competitive edge in the infrastructure management of IGIS and explore new business opportunities for the firm. IGIS sees more global investors eyeing infrastructure amid the weakening real estate market, particularly the office sector. 

IGIS is managing 62 trillion won ($47.1 billion) in assets, of which 25% are located overseas. Its infrastructure such as solar power amounts to 1.8 trillion won, while data center assets total 2.4 trillion won. The firm operates affiliates in New York, London and Singapore and a branch in Frankfurt.

To intensify its internal controls and risk management, the real estate firm last year appointed Lee Chi-hyung, former compliance officer at Seoul-based Fortkorea Asset Management Co. and IBK Asset Management Co., as its compliance head. 

The real estate firm will continue to prioritize the protection of clients’ assets while flexibly responding to market conditions, said IGIS Representative Director Lee Kyu-Sung.

Write to Byeong-Hwa Ryu at hwahwa@hankyung.com

Jihyun Kim edited this article.