Seoul, Jan. 6, 2026 – BNY (NYSE: BK), a global financial services company, today announced the appointment of Phillip (Bongkyun) Suh as BNY Korea Country Manager and Seoul Branch Manager, subject to the completion of regulatory procedures. Phillip succeeds Hyon Joo Park, who will retire in March after more than six years at BNY.
Phillip will lead BNY’s business in Korea and will be responsible for executing the country’s strategy, deepening and expanding client relationships, and ensuring effective governance oversight. Hyon Joo will work closely with Phillip to support a seamless transition.
“I want to thank Hyon Joo for her outstanding leadership and significant contributions, and welcome Phillip to BNY,” says Fangfang Chen, Head of Asia Pacific, BNY. “This appointment marks an important step in our commitment to driving growth in Korea. Bringing 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.”
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.
“With Korea’s market reforms accelerating, I am excited to further advance BNY’s franchise in Korea, which is built on a legacy of helping clients achieve their ambitions,” says Phillip Suh, Korea Country Manager, BNY. “By leveraging our global reach and expertise, I look forward to continuing to deliver high-impact solutions across our integrated platforms.”
Phillip joins from Samsung Asset Management, where he served as Chief Executive Officer. Prior to that, he was Head of Korea at Goldman Sachs Securities. Earlier in his career, Phillip held positions at global banks including Citigroup, Morgan Stanley, Deutsche Bank and HSBC.
About BNY
BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2025, BNY oversees $57.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.
For further information please contact:
Media:
Florence Chan
Mobile: +852 39260621
Florence.Chan@bny.com