Real estate private equity firm Madison International Realty has further expanded in Asia with the appointment of Jun Park as head of South Korea and the opening of its first office in the country. Located in central Seoul, this will be Madison’s eighth global office and its second in Asia, following the opening of the firm’s Singapore office this past April.

Park will work closely with Madison’s president and founder Ron Dickerman, its global co-heads of equity capital markets Evan Abrams and Michael Siefert and its head of Asia, Yichao Mark, to progress the firm’s long-term strategy for growth in the region. Park has more than 14 years of experience in real estate investment, finance and private equity. He joins Madison from Hyundai Marine and Fire Insurance, where he led the real asset investment department as a team leader.

“We have a strong existing client base in South Korea and the appointment of Jun alongside the opening of our office in Seoul is the natural next step for our firm, allowing us to strengthen those relationships by providing a local presence that means we can work even more closely with them to help achieve their goals,” said Dickerman. “At the same time, Jun will be seeking to grow our roster of clients, at a time when U.S. and European markets are at a point in the cycle which plays well to our unique investment strategy.”