Korea’s NPS replaces CIO

Feb 15, 2016

The National Pension Service has named the former chief of a local asset manager as investment head, after a spat between the $430 billion state fund’s previous CEO and CIO.

Korea’s National Pension Service (NPS) yesterday designated Kang Myoun Wook, former chief executive of Meritz Asset Management, as its new chief investment officer, with his term due to start today.

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