Alternative investment specialist asset management company Maston Investment Management announced on the 29th that it held a retirement ceremony for CEO Sangdo Lee.
The retirement ceremony of CEO Lee Sang-do held on the 28th at the Maston Investment Management headquarters. CEO Lee Sang-do (left), CEO Namgung Hoon. Photo by Maston Investment Management
The retirement ceremony took place on the 28th at Maston Investment Management's headquarters located on Gangnam-daero, Seocho-gu, Seoul. A large number of Maston Investment Management executives and employees, including CEO Hoonyong Nam and CEO Sunghyuk Hong, attended the event. An online broadcast was also provided for employees who were unable to attend in person.
The ceremony proceeded in the order of presentation of a plaque of appreciation, a retirement speech by CEO Sangdo Lee, an encouragement speech by CEO Hoonyong Nam, and commemorative photos. In addition to the plaque of appreciation and bouquet, Maston Investment Management gifted a pair of tracking shoes. This gift symbolized the hope that CEO Lee would wear comfortable shoes during his planned world travels and that he would continue to walk only on flowery paths after retirement.
CEO Sangdo Lee is a founding member and a key figure in the company's development, having been with Maston Investment Management for about 14 years since its early days. He previously worked at Samsung Life Service, SAMS, and Deutsche Asset Management (now DWS Asset Management), and joined Maston Investment Management in 2010. Since then, he served as Head of Investment Management Division 1 and Deputy CEO of the Domestic Division. From 2022, he served as CEO of the Domestic Division and was appointed as CEO of Maston Investment Management.
With CEO Sangdo Lee’s voluntary retirement, Maston Investment Management will shift from a three-CEO system consisting of Hoonyong Nam, Sunghyuk Hong, and Sangdo Lee to a two-CEO system with Hoonyong Nam and Sunghyuk Hong. CEO Sunghyuk Hong will take over CEO Lee’s responsibilities and oversee the domestic division, while CEO Hoonyong Nam will continue to manage overall operations as before.
In his retirement speech, CEO Sangdo Lee expressed gratitude to his colleagues who grew the company together. He urged them to overcome the current uncertain domestic and international economic conditions with Maston Investment Management’s innovative DNA. Additionally, CEO Lee announced his intention to donate part of his company shares to all employees free of charge, hoping that the company will continue to grow healthily.
CEO Hoonyong Nam of Maston Investment Management stated, “We pay tribute to CEO Sangdo Lee, who has nurtured Maston Investment Management into one of the top alternative investment specialist asset management companies in Korea over more than a decade since its founding.” He added, “We will continue to make every effort to take the company to the next level as a trusted firm for investors through rigorous reform and strengthening competitiveness.”
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