Experts believe the Korean sovereign wealth fund's new head will need to prioritise raising sustainable investments and private asset investing, along with returns in general.
The Korean government has unveiled the National Pension Service's new CEO, with four candidates shortlisted for CIO amid a perceived shift in emphasis in the recruitment process.
Simon Flood exited the firm last week, having only taken up the role of regional CEO in August. Axa IM said it was for personal reasons. His replacement has already been lined up.
Choi Young-Gwon, who joined the retirement fund last week, aims to substantially boost its international exposure due to unsatisfactory returns.
Graham Mason will move from South Africa to Hong Kong as fund management CEO for Asia, with Guy Strapp becoming his right-hand man.
The Shanghai-based fund management company is searching the globe for a new business leader to return it to the top of the industry ladder.