Starwood, Overseas Asset Manager for National Pension Service, Opens Office in Jeonju
Second Korean Office Following Magok
Strengthening Ties with the National Pension Service
Starwood Capital Group, a global alternative investment manager entrusted with managing a portion of the National Pension Service's assets, has opened a new office in Jeonju, Jeollabuk-do.
The National Pension Service announced on the morning of July 22 that Chairman Sungjoo Kim attended the opening ceremony of Starwood’s new Jeonju office, held in Manseong-dong, Jeonju, Jeonbuk Special Self-Governing Province.
The event was attended by Starwood Capital Group founder and chairman Barry Sternlicht, Michael Lefton, Global Head of Capital Raising and Investor Relations, and Choi Youngjae, the firm's Korea Country Head.
This is the second office Starwood has opened in Korea, following its office in the Magok One Grove district of Seoul last year. Excluding its headquarters in the United States, this is the first time the company has established two offices in a single country. Starwood has been entrusted with the National Pension Service's overseas real estate alternative investment management since 2012.
Barry Sternlicht, Chairman of Starwood, stated, "With the opening of our Jeonju office, we look forward to further strengthening our relationship with the National Pension Service as well as expanding Starwood’s role within the Korean capital market."
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Chairman Kim commented, "The opening of Starwood's Jeonju office is a testament to the global stature of Korea's capital market. We hope to continue close cooperation with Starwood and jointly contribute to the growth of Jeonju’s financial industry going forward."
Sungjoo Kim, Chairman of the National Pension Service (right), attended the opening ceremony of the Starwood Capital Group Jeonju Liaison Office held in Manseong-dong, Jeonju, Jeollabuk-do on the morning of the 22nd, and took a commemorative photo with Barry Sternlicht, founder and chairman of Starwood. Photo by National Pension Service
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