One of the world’s largest private real estate investors has appointed a new global head.
PERE can reveal that Scott Kim has assumed the leadership of the global real estate investment team at the National Pension Service of Korea, Korea’s state investment fund with $430 billion of assets under management.
Kim assumes the role after prior incumbent Andie Kang resigned earlier this year to become co-chief executive officer at IGIS Asset Management, the biggest real estate investment manager in Korea.
Kang had worked for NPS for nearly a decade. In the last five years of his tenure as global head of real estate, he grew the international real estate portfolio to about $11 billion in value, making NPS one of the most active Asian investors globally.
Kim is understood to have assumed the helm at the start of the month.
In addition to overseeing the portfolio, he will also be leading a 10-strong team working in Seoul and other international offices, including London.
He will also inherit responsibility for a set of relationships with investment managers including Pramerica, Rockspring, Carlyle and Townsend.