The Korean central bank has promoted a 30-year veteran as its new director-general of reserve management. He transfers from head of BOK’s New York office.
Choo Heung-Sik has made the jump from head of reserve management at the Bank of Korea to overseeing investments at the country's sovereign wealth fund.
South Korea's central bank is reorganising its reserve management team as it awaits the outcome of an application for a QFII quota of up to $300 million.