Korea's NPS starts search for new CIO
The $360 billion National Pension Service has started its search for a new investment head, as it seeks to increase assets by 67% over the next five years.
South Korea’s $360 billion state retirement fund is officially on the lookout for its next chief investment officer.
This comes as National Pension Service (NPS) seeks to boost its assets by 67% to $600 billion by 2018 on the back of an aggressive new allocation plan. It is already on track to surpass $390 billion by the year-end, which will make it the third largest pension fund in the world.
Current CIO Lee Chan-woo spent three years at the NPS, and his term is due to expire i…
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