Korea’s NPS replaces CIO
The National Pension Service has named the former chief of a local asset manager as investment head, after a spat between the $430 billion state fund’s previous CEO and CIO.
Korea’s National Pension Service (NPS) yesterday designated Kang Myoun Wook, former chief executive of Meritz Asset Management, as its new chief investment officer, with his term due to start today.
The move comes after former health and welfare minister Moon Hyung-Pyo started as NPS chairman and CEO on December 31. This followed a spat between former chairman and CEO Choi Kwang and former CIO Hong Wan-Sun, which led to both leaving the $430 billion state fund.
The CIO post had…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.