Timefolio Asset Management Appoints Cha Munhyun as New CEO

Regular Executive Appointments Effective July 1

Timefolio Asset Management has appointed Vice President Cha Munhyun as the new CEO through its regular executive appointments.

On June 15, Timefolio Asset Management announced that it had carried out its scheduled 2026 regular executive appointments, effective July 1.

As part of this reshuffle, Vice President Cha Munhyun was appointed as CEO. He will serve as co-CEO alongside CEO and President Hwang Sunghwan. Born in 1972, the new CEO Cha has led the company’s growth since its founding. Having previously served as COO overseeing operations, Cha is expected to further strengthen the company’s governance and lay the foundation for future growth through this appointment.

For the new outside director, former KB Securities CEO Park Junglim was appointed. Head of Alternative Investments, Executive Director Ahn Seungwoo, was promoted to Vice President. The new Vice President Ahn will also serve as CIO of the Alternative Investment Division. Since 2015, Vice President Ahn has overseen the alternative investment division and achieved a series of successful Pre-IPO deals.

A new “Equity Investment Division” has been established to oversee both the Equity Management Headquarters and the ETF Headquarters, and Sim Hyunsoo has been recruited as CIO to lead this division. Timefolio Asset Management will now have separate CIOs for the equity investment and alternative investment divisions. The new Executive Director Sim is a global investment expert with more than 20 years of experience as an analyst, quantitative investment manager, and CIO. As the head of the equity investment division, Sim plans to organically connect hedge funds and active ETFs, strengthening communication with both institutional and retail clients.

Chan-hwi Lee, Head of Equity Management Division 1, and Hyun-dam Kang, Head of Equity Management Division 2, have both been promoted to Executive Director in recognition of their key roles in hedge fund management. In the Management Headquarters, Executive Director Lee Seokhyun has also been promoted.

The ETF business division will be reorganized into three headquarters. In addition to the existing ETF Management Headquarters and ETF Strategy Headquarters, a new ETF Consulting Headquarters will be established. The ETF Consulting Headquarters will be responsible for client communication and sales, with department head Jo Sangjun promoted to Director and appointed as head of the new division. The heads of the ETF Management Headquarters, Namho Kim, and ETF Strategy Headquarters, Nam-ui Kim, have also both been promoted to Director.

A representative from Timefolio Asset Management stated, “To strengthen management expertise and governance, we have appointed new co-CEOs and an outside director,” adding, “We expect that these personnel appointments and organizational changes will serve as an opportunity to further enhance the expertise of each division.”

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