The National Pension Service of Korea‘s acting chief investment officer, Cho In-sik, is leaving the pension fund, according to a spokesman from the pension fund.
Cho, who is also head of the offshore securities division, stepped in as acting CIO after the former CIO, Kang Myeon-wook, resigned in July 2017 for personal reasons. Cho was head of risk management from 2014 to March 2016 and head of domestic equity investment from March 2016 to May 2017.
NPS failed to select a new CIO from 16 applicants and started a new recruitment process on 27 June, according to a statement. It is unclear whether the process will be completed within the year.
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