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POBA CIO (second from left), Teachers Pension CIO (center), SEMA CIO (second from right), Hyundai Marine & Fire Insurance executive director (far right)
South Korea s Public Officials Benefit Association (POBA) has earmarked over 1 trillion won ($900 million) for new investments in overseas real estate this year, for which it will expand separately managed accounts (SMAs) and co-investment platforms because they ease the burden of due diligence, said its senior officials.
By asset type, the $15 billion retirement fund for South Korea’s local government employees is zooming in on residential, logistics and infrastructure properties in public-private partnerships (PPPs), its Chief Investment Officer Jang Dong-hun told a CIO panel session of the ASK Summit 2021 held in Seoul on May 12.
Lee Do-yoon had served as CIO of the Police Mutual Aid Association between 2016 and 2020
Lee Do-yoon, a former chief investment officer of South Korea s Police Mutual Aid Association (PMAA), has been named as CIO of the Yellow Umbrella Mutual Aid Fund, a $13 billion savings arm of Korean small business owners.
He was among the three shortlisted candidates for the new post, including an unidentified domestic savings fund CIO, to replace Jeong Du-Yeong who is retiring at the end of this month after a two-year term. Previously, Jeong had worked as CIO of Korea Scientists and Engineers Mutual-Aid Association for four years until 2019.
CIO PANEL DISCUSSION
Chief investment officers of the Public Officials Benefit Association (POBA: Jang Dong-hun), the Teachers Pension (Lee Kyu-hong) and the Korea Scientists and Engineers Mutual-Aid Association (Huh Sung-moo) will participate in a CIO panel discussion on May 12. Hyundai Marine & Fire Insurance Co. Executive Director Jeon Kyung Chul will accompany them to the discussion.
POBA CIO Jang Dong-hun (second from left), Teachers Pension CIO Lee Kyu-hong (center) and SEMA CIO Huh Sung-moo (far right)
LP PANEL SESSIONS
For the hedge fund segment, three senior managers will share their views in a group discussion: Kim Jun Geun, NPS senior portfolio manager of the private equity and venture capital investment division; KIC s senior director of the alternative investment division s absolute returns group Yoon Sunghyun; and Korea Post s insurance arm Deputy Director of hedge fund investment Su Jin Lee..
Mar 17, 2021 (Gmt+09:00)
ENG
KIC Chief Executive Choi Heenam
South Korea s Police Mutual Aid Association (PMAA) has been looking for a new chief investment officer for a half year, while the sovereign wealth fund Korea Investment Corporation (KIC) and the Military Mutual Aid Association (MMAA) have just kicked off their CIO selection process.
Another retirement fund Korea Scientists & Engineers Mutual-aid Association will likely join them soon to find the successor of CIO Huh Sung-moo whose two-year term is expiring next month.
In the second half, the National Pension Service (NPS), which manages $740 billion in assets, is expected to launch the process to replace its CIO Ahn Hyo-joon. Ahn s two-year term was extended to early October of this year.