The military pension fund promotes its head of securities investments to one of its two CIO roles, as Lee Sang-ho departs. The move comes two years after a structural shake-up.
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 $7.2 billion fund hires Seok-Hwan Park, who has worked for Barclays Global Investors in Hong Kong, to run asset management and investments after his predecessor resigned.
Three-star general Kim Jin-hoon takes charge of South Korea’s $7 billion Military Mutual Aid Association.
The Military Mutual Aid Association is shifting to emerging-market equities as it diversifies away from heavy positions in real estate.