KIC's internal recruitment of new CIO seen as a wise choice
Turmoil in global markets and useful background are seen as major reasons for the Korean sovereign wealth fund to recruit their new chief investment officer internally, sources told AsianInvestor. A new chief risk officer is brought in from Bank of Korea.
The Korea Investment Corporation (KIC) announced Wednesday (August 17) that Lee Hoon, former head of investment strategy and innovation division, was promoted to chief investment officer (CIO) with immediate effect for a three-year term. The Korean sovereign wealth fund also announced the appointment of Jung Ho-seok as chief risk officer (CRO).
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