2024-01-22 04:50:00
Stone Peak, a global alternative investment management company, announced on the 22nd that it had appointed Ahn Seong-eun, head of Deutsche Bank Korea, as its new Korea CEO.
An Seong-eun’s term of office begins on the 1st of next month. Appointee Ahn will support the implementation of Stonepeak’s investment strategy in the Asia-Pacific region. Until recently, Ahn served as Korea representative at Deutsche Bank for over 10 years, and also served as Korea representative and Korean investment banking representative at Bank of America (BofA) Merrill Lynch.
Seong-eun Ahn is the appointed chairman of Stone Peak Korea. / Provided by Stone Peak
While working at an investment bank, Ahn advised on domestic and foreign corporate mergers and acquisitions (M&A) transactions worth more than $150 billion. Helped Korea’s largest corporations, financial institutions, and government agencies raise more than $30 billion in funds through bond and stock issuance in overseas capital markets.
Hajir Nagdi, Senior Managing Director at Stonepeak, said, “I am very pleased and reassured that Ahn has joined the company at a time when Stonepeak is continuing to make strategic investments in Korea and throughout Asia. “It will strengthen our work expertise in the Korean business field and add great value to establishing partnerships for discovering and managing investment destinations,” he said.
Nominee Ahn said, “There are endless opportunities for infrastructure investment in the Asia-Pacific region, from renewable energy to transportation and logistics, and digital infrastructure,” and added, “As I learn about Stonepeak’s investment strategy, I believe that we have sufficient capabilities to acquire and grow these opportunities.” “I became convinced,” he said.
Stonepeak is active in the Asia Pacific region. In the fourth quarter of last year, AGP Sustainable Real Assets, a global infrastructure and real asset development and operation company headquartered in Singapore, and a leading digital infrastructure provider providing broadband, wireless, data center and submarine cable landing services in Guam. We decided to make a strategic investment in GTA, a company.
In April last year, it completed a transaction to acquire a 70% stake in GeelongPort as its first investment in Australia. Stonepeak has 12 portfolio companies serving critical infrastructure needs in more than 12 countries and regions in the Asia-Pacific region.
Stonepeak’s asset management size is approximately $57.9 billion. Stone Peak aims to create value for investors and portfolio companies seeking downside protection and strong risk-adjusted returns by investing in defensive physical asset companies around the world.
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