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Morgan Stanley Appoints Citi's Kim Seok-bong as Co-Head of Korea IB

Finance · Investment Banks/Brokers · yonhap_finance · 2026-09-03

Morgan Stanley has hired Citigroup Global Markets' Kim Seok-bong as co-head of its investment banking division in Korea, joining incumbent Kim Se-won.

What Happened

Leadership Appointment: Morgan Stanley has recruited Kim Seok-bong, currently a vice president at Citigroup Global Markets, to serve as the co-head of its investment banking division in Korea. Kim is expected to transition to his new role as early as November.

Management Structure: Following the appointment, the firm will shift from a sole leadership structure to a co-CEO model. Kim Seok-bong will work alongside the current head of Korea IB, Kim Se-won, to oversee operations.

Professional Background: The new co-head is recognized for his significant contributions to the capital markets, most notably leading major transactions such as the ADR listing of SK Hynix. His expertise is expected to bolster the firm's advisory capabilities.

Strategic Outlook: Industry observers view this move as a strategic effort by Morgan Stanley to strengthen its competitive position in the Korean market. The dual-leadership structure is intended to drive growth and enhance the firm's deal-making capacity in the region.

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