A senior vice president at Aviva Investors, Sean O'Shea, has left the New York-based multi-manager after five years with the firm, PERE has learned. In addition, Kyung Paik, a vice president based in Singapore, also has left the firm to join a subsidiary of Korea’s Mirae Asset Global Investments Group.
Paik confirmed that he left Aviva a couple of weeks ago to head the global acquisitions team at Mirae Asset MAPS Global Investments. He said it always had been his long-term plan to return to his home country of Korea, and his new position allows him to lead a team responsible for investing in direct real estate outside of Korea. At Aviva, he started out in the New York office but had been based in Singapore for the last two and a half years.
O'Shea, who left Aviva two weeks ago for undisclosed reasons, confirmed his departure via email but did not provide additional comment. A firm spokesman also confirmed O'Shea's departure but declined to comment further.
O'Shea joined Madison Harbor Capital in May 2006, two years prior to its acquisition by UK insurance group, Aviva. He spent some time in London, overseeing indirect real estate portfolios valued at more than $200 million in equity, before returning to New York in September 2009, according to an August 2009 alumni newsletter from New York University's Schack Institute of Real Estate.
The departures of O’Shea and Paik are just the latest developments at Aviva Investors on the personnel front. Indeed, the firm is in the process of hiring junior and senior members, sources said, adding that it recently hired Barclays Capital associate Tiffany Thomas. In December, associate Tom Calahan left the firm to attend college.