Aegis Asset Management Undertakes Organizational Restructuring to Strengthen Collaboration System and Responsible Management

Aegis Asset Management has undertaken an organizational restructuring to strengthen company-wide collaboration. The real estate-related organizations, which are the core business areas, will be consolidated to maximize operational efficiency and synergy.

Aegis Asset Management announced on the 25th that it has implemented the second half of 2024 organizational restructuring based on this plan.

First, a dual CEO system divided into ‘Management’ and ‘Operations’ will be introduced at the top leadership level. This aims to promote responsible and balanced organizational management by separating company management and the business area of operations. CEO Lee Gyuseong will be in charge of management, and CEO Kang Younggu will oversee operations.

The operations organization consists of the Real Asset Division, which oversees the company’s core area of real estate, the Securities Division, and the Infrastructure Division, which are mid- to long-term growth businesses. The REITs Division will be operated as a separate independent division considering information exchange restrictions and the nature of its work.

The Real Asset Division, which handles the company’s core business, will integrate all functions of domestic and overseas investment, asset management, and fund raising, which had been operated under a dispersed decision-making system.

The head of the Real Asset Division will coordinate each function divided into group leader units within the division to maximize business capabilities and fund management efficiency.

Meanwhile, CEO Lee Gyuseong, who had concurrently managed the business area along with management, will now focus solely on management. He plans to concentrate on establishing the company’s mid- to long-term growth strategy and strengthening company-wide support capabilities.

Additionally, the SMP (Senior Managing Partner), the company’s senior leadership meeting body, will play a role in supporting major business initiatives and operational processes. The two leaders, Shin Donghun and Jeong Seokwoo, who had been in charge of the Domestic Asset Management Division and the Real Asset Division respectively, will now provide support as SMP members.

An Aegis Asset Management official said, “In a situation where macroeconomic uncertainties continue, we have carried out a large-scale organizational restructuring to ensure responsible management and improve efficiency,” adding, “This restructuring will establish a ‘One-IGIS culture’ that shares the same vision and goals and will serve as an opportunity to create new growth engines.”