Korea’s MMAA splits CIO role to boost returns
In an attempt to improve the performance of its property investments, Korea's public pension fund the Military Mutual Aid Association has appointed two chief investment officers in charge of separate divisions.
The Military Mutual Aid Association (MMAA) of Korea has split its chief investment officer role in an effort to improve the performance of its real estate investments.
The $8 billion public retirement fund for members of the armed forces created two CIO posts last month, one in charge of the finance division and the other responsible for the construction division.
The restructuring was implemented to tackle unprofitable investments in property over the past decade. According to …
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