Thu, Feb 22, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Fortress Investment Group announces Thomas Chan Soo Kang as President of Fortress Asia

Thursday, December 23, 2010
Opalesque Industry Update - Fortress Investment Group LLC (NYSE: FIG) announced that Thomas Chan-Soo Kangwill join the firm as President, Fortress Asia. Mr. Kang will become a member of Fortress's management committee and will have responsibility for business development, capital formation, strategy and management/administration in the Asia region. Mr. Kang will be based in Fortress's newly opened Singapore office, and will report directly to Fortress CEO, Daniel Mudd.

"Tom's role underscores our deep commitment to the region and will support the continued strategic expansion of our Asia business," said Mudd. "Tom brings an exceptional depth of experience to our team, including building and running major investment companies and establishing one of Korea's first domestic private equity funds. I am confident that Tom's contributions will help us achieve our objectives of bringing more Fortress capabilities to a growing base of investors in Asia and capitalizing on the exceptional investment opportunities we see in the region."

Mr. Kang has over 25 years of experience in the investment management industry, and served most recently as CEO of Kang & Company, an investment firm. Prior to founding Kang & Company, he served as Chairman and CEO of Seoul Securities, a Korea-based investment firm that was majority-owned by Soros Fund Management LLC. Under Mr. Kang's leadership, Seoul Securities expanded from a retail-focused brokerage firm into a full-service investment management company with investment banking and money management capabilities.

Before joining Seoul Securities, Mr. Kang served as a Managing Director at BT Wolfensohn, where he specialized in mergers and acquisitions, focusing on financial services companies. He also served as a member of the boards of SK Holdings, KB Financial Group and the Bloomberg Asia-Pacific Advisory Board.

Fortress recently announced the establishment of an office in Singapore, which will serve as a key hub of the firm's investment and business development activities in Asia. Adam Levinson, Co-CIO of the firm's flagship macro funds, will lead Fortress's Asia-specific macro trading activities from Singapore beginning in early 2011. The company also has established investment and capital formation teams in Tokyo and Sydney. In June 2010, Fortress closed its first yen-denominated opportunity fund at its cap of $800 million.

(press release)

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From Bloomberg.com: With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Reuters.com: Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac