BNY appoints Suh as new Korea country manager
06 January 2026 Korea
Image: BNY
BNY has appointed Phillip (Bongkyun) Suh as the new BNY Korea country manager and Seoul branch manager.
He succeeds Hyon Joo Park, who will retire in March after more than six years at the bank, with the firm saying the two will work closely to support the transition.
In his new role, Suh will lead BNY鈥檚 business in Korea and will be responsible for executing the country鈥檚 strategy, deepening and expanding client relationships, and ensuring effective governance oversight.
Fangfang Chen, head of Asia Pacific, BNY, says: 鈥淭his appointment marks an important step in our commitment to driving growth in Korea.
鈥淏ringing over three decades of industry experience, Phillip will be instrumental as we continue to strengthen our presence and deliver enhanced solutions for our clients in this dynamic market.鈥�
Korea, with its recent policy reforms, such as allowing registered foreign financial institutions to trade in the domestic FX market, extending trading hours, and streamlining foreign investor registration, is creating new opportunities for global participation.
To support this momentum, BNY is committing further investment to its Seoul Branch, expanding FX and securities finance solutions.
鈥淲ith Korea鈥檚 market reforms accelerating, I am excited to further advance BNY鈥檚 franchise in Korea, which is built on a legacy of helping clients achieve their ambitions,鈥� says Suh.
He adds: 鈥淏y leveraging our global reach and expertise, I look forward to continuing to deliver high-impact solutions across our integrated platforms.鈥�
Suh joins BNY Korea from Samsung Asset Management, where he served as CEO. Prior to that, he was head of Korea at Goldman Sachs Securities.
Earlier in his career, he held positions at global banks including Citigroup, Morgan Stanley, Deutsche Bank, and HSBC.
He succeeds Hyon Joo Park, who will retire in March after more than six years at the bank, with the firm saying the two will work closely to support the transition.
In his new role, Suh will lead BNY鈥檚 business in Korea and will be responsible for executing the country鈥檚 strategy, deepening and expanding client relationships, and ensuring effective governance oversight.
Fangfang Chen, head of Asia Pacific, BNY, says: 鈥淭his appointment marks an important step in our commitment to driving growth in Korea.
鈥淏ringing over three decades of industry experience, Phillip will be instrumental as we continue to strengthen our presence and deliver enhanced solutions for our clients in this dynamic market.鈥�
Korea, with its recent policy reforms, such as allowing registered foreign financial institutions to trade in the domestic FX market, extending trading hours, and streamlining foreign investor registration, is creating new opportunities for global participation.
To support this momentum, BNY is committing further investment to its Seoul Branch, expanding FX and securities finance solutions.
鈥淲ith Korea鈥檚 market reforms accelerating, I am excited to further advance BNY鈥檚 franchise in Korea, which is built on a legacy of helping clients achieve their ambitions,鈥� says Suh.
He adds: 鈥淏y leveraging our global reach and expertise, I look forward to continuing to deliver high-impact solutions across our integrated platforms.鈥�
Suh joins BNY Korea from Samsung Asset Management, where he served as CEO. Prior to that, he was head of Korea at Goldman Sachs Securities.
Earlier in his career, he held positions at global banks including Citigroup, Morgan Stanley, Deutsche Bank, and HSBC.
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