Suh Sang-jun, head of the infrastructure institutional business at EQT’s Seoul office, is set to leave the firm after helping lead its expansion into the South Korean market, according to a report by The Korea Economic Daily. Suh has overseen the firm’s infrastructure investments in South Korea since the office opened in February 2023.
The departure comes just over two years after Suh, who reportedly recently communicated his intention to resign, was promoted to global partner. His next role is yet to be determined. The global partner group comprises a small cohort of senior leaders within a workforce of roughly 1,900 employees.
During EQT’s early push into South Korea, Suh led the acquisition of SK Shieldus, the country’s second-largest security services provider, in a deal valued at about KRW2.4tn, boosting the firm’s standing in the local investment banking market.
EQT’s Seoul office employs around 20 professionals across infrastructure, private capital and real estate. Following Suh’s departure, the infrastructure function is expected to be overseen jointly with the domestic private equity institutional team led by Yeon Da-ye. In South Korea, the firm has invested in companies including SK Shieldus, KJ Environment, Remember and DOUZONE BIZON.
