PineStreet Group established MC PineStreet, the first global alternative investment consulting company in Korea, with Mitsubishi Corporation last Monday. Jeong Jin-ho, a former CEO of Prudential Investment & Securities Company, was appointed President of MC PineStreet. He has more than 30 years of experience in the investment banking industry.

“Keeping up with growing global liquidity and demand to diversify investments in Korean financial assets, we will introduce high-yield global assets to domestic institutions and will develop Korea’s alternative investment sector,” said Jeong.

Source: Yonhap News (Apr. 1, 2013)

** This article was translated from the Korean.