BOK names new head of reserve management

Korea’s $355 billion central bank has confirmed the internal appointment of a new director-general of its reserve management group, based in Seoul. The Bank of Korea has named Chae Sun-Byoung in the role. He is due to take up his position in mid-May on a three-year contract, AsianInvestor can confirm. Chae is a veteran at the central bank, having worked there for 30 years. He joined in 1981 and has held various positions, including within the investment management, investment st…