GEPS picks insurance asset management veteran as CIO
Hyunil Lee
May 14, 2019 (Gmt+09:00)
The Government Employees Pension Service (GEPS) has picked Won-joo Seo, a former chief investment officer of PCA Life Insurance Co. Ltd. (currently, Mirae Asset Life Insurance Co. Ltd.) as CIO for a two-year term.
GEPS' announcement on the new CIO last week came after ex-CIO Chang-hoon Lee ended his two-year tenure in April.
He graduated from Yonsei University’s business school in Seoul.
Last year GEPS returned a negative 1.7% on $7.4 billion of financial assets, hit by sharp falls in equities markets.
National Pension Service and Teachers’ Pension also posted their first negative annual returns in a decade.
Earlier this month, the Korea Scientists & Engineers Mutual-aid Association named new CIO, with Korea Investment Corporation on the hunt for new CIO to replace retiring Shinwoo Kang.
hiuneal@hankyung.com
13 HOURS AGO
Apr 30, 2024 (Gmt+09:00)
Apr 30, 2024 (Gmt+09:00)
Apr 28, 2024 (Gmt+09:00)
Apr 24, 2024 (Gmt+09:00)