The Government Employees Pension Service is tipped to see fierce competition for its CIO vacancy. It has also seen its head of overseas investment join KB Asset Management.
Choi Young-Gwon will start in the new role on April 1 after overseeing big changes in investment strategy during his three years at Korea's Government Employees Pension Service.
The Korean Teachers’ Credit Union plans to raise its foreign allocation by $750 million. Most of that will go into property via fund managers, and global equities are also set for more flows.
The embattled state pension fund is seeing a rising number of staff depart and finding it harder to replace them after moving its investment centre away from Seoul.
Cho Jaemin returns to Korea's KB Asset Management with ambitious plans, as the firm considers putting offices in Singapore and the US to offset slow growth at home.
The Korean pension fund picked the former investment head of Allianz's local business out of 28 applicants to run its asset allocations, and hired six firms to manage its equities.