People Digest: Carousell appoints CCO; Morgan Stanley Investment Mgmt names Korea head

Carousell's Singapore HQ

Online marketplace Carousell has appointed Lewis Ng as its Chief Commercial Officer while Morgan Stanley Investment Management has named Yoon Pyo Lee as a Managing Director and Head of Korea.

Carousell appoints Chief Commercial Officer

Online marketplace Carousell on Tuesday announced the appointment of Lewis Ng as its Chief Commercial Officer.

Lewis will be responsible for all commercial relationships, including high-value verticals, advertising sales and go-to-market partnerships, per a Carousell statement.

Reporting to Carousell co-founder and CEO Siu Rui Quek, Lewis will also oversee the transformation of Carousell into a premium publisher by bolstering value-added services and premium products for client, the company said in an announcement.

His appointment follows other high profile hires, including the addition of Su Lin Tan as Vice President of Operations.

“There is a significant and growing market for high-value verticals such as Cars and Property, and we look forward to leveraging Lewis’ experience in these areas that pave way to achieve greater success across Southeast Asia,” said the CEO in a statement.

Lewis was previously a Chief Business Officer at PropertyGuru and the APAC Commercial Director at TripAdvisor.

Morgan Stanley Investment Management names Head of Korea

Morgan Stanley Investment Management (MSIM) has named Yoon Pyo Lee as a Managing Director and Head of Korea.

In this new role, Lee will be responsible for overseeing and growing the firm’s asset management business in Korea. He will be based in Seoul.

Before joining Morgan Stanley Investment Management, he was a senior executive vice president and co-CEO at Truston Asset Management, a local Korean asset management firm.

Prior to this, he spent several years at the National Pension Service (NPS) of Korea in various senior leadership roles including Head of Global Private Market Investment Division and Head of Investment Strategy.

Lee’s appointment is to deepen and broaden MSIM’s relationships with major asset owners and distribution platforms in Korea, according to Hiro Shimizu, Head of Japan and Korea for MSIM.

“His appointment reflects our confidence in the growth prospects of Korea’s asset management industry and the continued need for local asset owners to diversify investments abroad,” he added.

MSIM, together with its investment advisory affiliates, has more than 663 investment professionals around the world and $463 billion in assets under management or supervision as of December 31, 2018.

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