Lehman Brothers has appointed Sungwoo Park as managing director, head of Investment Banking for Korea, further strengthening its investment banking franchise in the Korean market.
In his new role, Park will be responsible for spearheading the growth of the firms investment banking business in Korea by expanding and broadening the Firm’s existing client relationships. Park will be based in Seoul and will report to Glenn H. Schiffman, head of the Investment Banking Division, Asia Pacific.
Es Min, who joined Lehman Brothers in 2005 as country head and CEO of the firms Korean branch, was appointed governor of the Korea Development Bank by the Korean Government on June 2.
“We are very pleased that Sungwoo has joined us to provide senior leadership to our Korean investment banking business, where he can leverage his 20 years of industry experience, client relationships and expertise in leading numerous marquee transactions in the Korean market,” says Schiffman.
Park joined Lehman Brothers after fourteen years at Credit Suisse where he was a founding member of the Korean office. Most recently, Park served as managing director and branch manager of Credit Suisse’s Seoul branch. He also previously served as president and CEO of IMM & Partners, a corporate restructuring company based in Korea.
Park brings to Lehman Brothers a strong track record of advising on a broad range of capital markets transactions and major M&A transactions, such as HMCs partial sale of its logistics company, the acquisition of Mando Machinery, and Kamco’s sale of Daewoo Heavy.
Lehman Brothers currently ranks no. 1 in the league tables in Asia ex-Japan M&A, and has advised on some of the most significant transactions in Korea to date.