Korea's NPS CIO extension to enhance governance and global capacity

The reappointment of Korea's National Pension Service chief investment officer (CIO) Ahn Hyo-joon is believed to set a precedent for future CIOs and bring in more long-term strategies at the fund, industry experts said. Later this year, Ahn will become NPS’s first CIO to serve in the position for more than three years. The announcement on July 29 that Ahn would stay on for another year until October 2022, marks the first time that the NPS has extended a CIO’s contract twice since …