Hyung Jun Jin, head of trading and risk management at UBS Warburg in Seoul, has joined Hungkuk Life Insurance as an auditor. Munsouk Choi, director of the interest-rate and foreign exchange department at UBS in Seoul, said he has been handling Jin's responsibilities since Jin left the firm last month.
Jin said in his new role as an auditor of Hungkuk Life, he will manage the day-to-day operations of the insurer, he declined further comment. At UBS Jin reported to Todd Morakis, managing director and head of Asia derivatives and local bond trading in Hong Kong. Morakis said no immediate replacement for Jin is planned and that Choi will handle the responsibilities for the time being, but declined further comment.
