NPS’s global alternatives head resigns

The pension fund’s senior executives were reshuffled after the arrest of its chairman in December last year.

Sang-Hyun Yoo, the head of South Korea’s National Pension Service, has decided to resign amid the latest wave of key personnel departures in the organisation.

A source at NPS confirmed Yoo’s resignation, but did not provide details about his replacement.

Yoo has been with the state’s fund for 10 years when he joined from Morgan Stanley Property in 2007.

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