Deutsche Bank’s asset management arm DWS has appointed long-term veteran Lee Tae-Young as its representative director and CEO of DWS Korea, reporting to Vanessa Wang, the company’s head of Asia-Pacific and coverage Asia-Pacific.

In his expanded positions, Lee will be responsible for driving the long-term growth strategy of DWS Korea, strengthening the firm’s market presence “and further embedding a culture of excellence, innovation and partnership”.

With his deep understanding of evolving client needs and extensive experience in translating global investment capabilities into locally tailored solutions, he will “play a pivotal role in deepening client relationships and reinforcing collaboration between the Korea platform and DWS’ global network”.

Lee succeeds Byun Hyun Soo as representative director and CEO of DWS Korea. Byun will continue in the role of chairman of DWS Korea during the transition period and will continue to serve as head of liquid investment strategy for Korea, ensuring continuity and depth of investment leadership.

Lee brings over 25 years of asset management industry experience, including 23 years with DWS. Since joining the firm in 2003 as client coverage specialist for Korea, the company says, he has steadily grown the DWS team, expanded client segments, deepened client relationships “and continued to deliver innovative, tailored client-centric solutions in this important market”. Prior to DWS, he held roles in institutional client service at HDC Asset Management and began his career in coverage advisory at Kyobo AXA Asset Management.

“Lee’s appointment reflects DWS’ continued commitment to home-grown talent, leadership excellence and long-term client partnership in one of our most strategically important markets,” Wang adds. “His deep market expertise, strong client-centric mindset and proven ability to connect global investment capabilities with local client needs uniquely position him to lead our Korea business into its next phase of growth.”