Bank of Korea picks transition management panel
The Korean central bank has chosen a group of transition management providers as asset owners push for greater transparency on transition costs.
Bank of Korea has put in place a formal panel of transition managers that it can call upon to restructure, liquidate or otherwise change its investment portfolios, reflecting a growing trend among Asian asset owners.
Sources say the decision was made in March and that BlackRock, JP Morgan and Russell Investments were the firms chosen. AsianInvestor could not ascertain any other details, such as the duration of the TM mandate.
The central bank joins its biggest domestic instituti…
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