NPS’ global alternative head, global public market head offer to resign
Feb 13, 2017 (Gmt+09:00)
Two key fund managers of South Korea’s National Pension Service (NPS) have offered to step down earlier this month, joining in 25 other employees who had expressed their resignation from the NPS’ Investment Management department since the start of this year, as it is moving to a small city, a three-hour drive from Seoul, later this month.
Sang-Hyun Yoo, who leads the global alternative division of the world’s No.3 pension scheme, and Kyung-Jik Lee, its global public market head, are going to leave the $480 billion fund, according to the NPS on Feb. 12.