Hong Ki-myung (; born 1959), also known as Kim Hong, is a South Korean financier.

Education and career

Hong earned his MBA from the

University of Chicago The University of Chicago (UChicago, Chicago, or UChi) is a Private university, private research university in Chicago, Illinois, United States. Its main campus is in the Hyde Park, Chicago, Hyde Park neighborhood on Chicago's South Side, Chic ...

Booth School of Business The University of Chicago Booth School of Business (branded as Chicago Booth) is the Postgraduate education, graduate business school of the University of Chicago, a private university, private research university in Chicago, Illinois. Founded in ...

. He began his career in finance in the mid-1980s, working at a number of industry firms including

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

and

Bankers Trust Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corp ...

. In 2001 he moved to

JPMorgan Chase JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...

, to become head of their

Seoul Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

branch. He became well known in the South Korean finance industry for his role, and at one point it was thought that he would be named head of the

Korea Investment Corporation The Korea Investment Corporation (KIC; ) is a sovereign wealth fund established by the government of South Korea in 2005. Its mission is to preserve and enhance the long-term purchasing power of South Korea's sovereign wealth (foreign reserves ...

, the

sovereign wealth fund A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, Bond (finance), bonds, real estate, precious metals, or in alternative investments such as ...

managing South Korea's

foreign exchange reserves Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold and silver held by a central bank or other monetary authority that are primarily available to balance payments of the country, ...

. He later relocated to Hong Kong, while remaining with JPMorgan Chase. In 2007, Hong moved from JPMorgan Chase to

Bank of America The Bank of America Corporation (Bank of America) (often abbreviated BofA or BoA) is an American multinational investment banking, investment bank and financial services holding company headquartered at the Bank of America Corporate Center in ...

, where he took up a position as head of global markets for Asia-Pacific. He would continue to be based in Hong Kong. In June 2008, Hong was promoted to Asia-Pacific president, again based in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

, reporting to Jonathan Moulds. Hong replaced Colm McCarthy, a 30-year BofA veteran who planned to retire. Six months later in December 2008, BofA acquired

Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated, doing business as Merrill, and previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investm ...

, BofA stated that former Merrill CFO Nelson Chai would relocate to Hong Kong to head the firms' newly merged Asia Pacific businesses. However, just two months after his appointment, Chai resigned, and BofA again named Hong as Asia-Pacific president. In 2010,

PIMCO Pacific Investment Management Company LLC (PIMCO) is an American investment management firm. While it has a specific focus on active fixed income management worldwide, it manages investments in many asset classes, including fixed income, share ca ...

hired Hong to manage their Asia-Pacific business, with responsibility for offices in Hong Kong, Singapore, Sydney, and Tokyo. PIMCO also named him a member of their Global Operating Committee. He continued to be based in Hong Kong, reporting to COO Douglas M. Hodge, who previously held the position of Asia-Pacific head. Hong retired in 2013.

References

External links

2009 interview with Hong
and Chi-Won Yoon of UBS, from the ''

Chosun Ilbo ''The Chosun Ilbo'' (, ), also known as ''The Chosun Daily,'' is a Korean-language newspaper of record for South Korea and among the oldest active newspapers in the country. With a daily circulation of more than 1,800,000, ''The'' ''Chosun Ilbo ...

''
2011 interview with Hong
regarding his views on US Treasury bonds, from the ''Kookmin Ilbo''
2012 interview with Hong
about currencies, emerging market bonds, and PIMCO's strategy in Asia, from ''

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

'' {{DEFAULTSORT:Hong, Ki-Myung 1959 births Living people Bank of America executives PIMCO South Korean expatriates in Hong Kong South Korean expatriates in the United States University of Chicago Booth School of Business alumni JPMorgan Chase people