Ex-GEPS CIO takes top job at Hi Asset Management

Korea’s Government Employees Pension Service (GEPS) has seen its chief investment officer step down to become chief executive at local fund house Hi Asset Management. Choi Young-Gwon will start in his new role on April 1, replacing Rhee Jeung-Cheol, who had been CEO of Hi AM since 2011. AsianInvestor could not ascertain Rhee's next destination. Hi AM, a subsidiary of Hyundai Heavy Industry Group, has $10 billion under management, according to Korea Financial Investment Associati…