Korea’s NPS seeks new CIO, chair after spat

Korea’s National Pension Service (NPS) is seeking a new chairman and chief investment officer after the incumbents, Choi Kwang and Hong Wan-Sun, were forced to step down after a spat between the two. NPS started taking applications for the CIO role last week, and candidates can apply until November 16. This will be the $450 billion fund’s seventh investment head since the National Pension Fund Management Centre (NPFMC) was set up in 1999. The public recruitment process for a new…