Weekly roundup of people news, Dec 12

Samsung Group unveils management reshuffle
Korea’s domestically dominant Samsung Group has unveiled an internal management reshuffle across its asset management, life insurance and securities businesses.
 
Samsung Asset Management Company, Korea’s largest fund house with $117 billion in AUM as of December 11, announced the appointment of Koo Sunghoon as its new chief executive at the start of this month.
 
He takes over the role from Raymond Yoon, who was named as the new head of Samsung Securities at the same time, having held the CEO position at Samsung AMC for two years.

Domestic media announced this week that Koo had already made internal structural changes, creating three divisions: active (equities, fixed income, hedge funds and research); passive (ETFs and index management); and marketing solutions.
 
Koo told AsianInvestor: “My goal as the new CEO of Samsung AMC is to lead the firm to become recognised as being the best long-term investment management company in Asia.”
 
Previously Koo was chief investment officer of Samsung Life Insurance, a role he took up in December last year. Jeon Young Muk has taken over as the new CIO at Samsung Life.
 
Koo first joined the Samsung Economic Research Institute in 1987. In 2003 he was appointed CIO of the special accounts division of Samsung Life Insurance. Since then he has taken on a number of investment management roles at Samsung.Samsung Life is the 100% owner of Samsung AMC.