Mirae Asset Global Investments Holds Seminar on External Delegated Management System Discussion
Online Access Screen of the 2nd Mirae Asset OCIO Forum (Provided by Mirae Asset Global Investments)
View original image[Asia Economy Reporter Minwoo Lee] Mirae Asset Global Investments is hosting a seminar to discuss the introduction of the Outsourced Chief Investment Officer (OCIO) system for domestic institutional investors.
Mirae Asset Global Investments announced on the 28th that it held the 'Mirae Asset 2nd OCIO Forum' on the 21st. OCIO refers to an external CIO service provider entrusted with all or part of asset management duties by large-scale investors such as institutional investors. Since the Ministry of Strategy and Finance introduced the pension investment pool lead manager system in 2001, the Ministry of Land, Infrastructure and Transport's Housing and Urban Fund and the Ministry of Employment and Labor's Employment and Industrial Accident Insurance Fund have adopted the OCIO system.
This forum was held under the theme "Sustainable Asset Management in an Era of Uncertainty." Professor Jun Kyung Uh of Yonsei University's Business Administration Department introduced methods to anticipate sudden market shocks like the COVID-19 pandemic under the topic "Measures to Prepare for Market Collapse." Following this, Professor Jaehyun Lee of Soongsil University's Department of Finance presented on "Directions for the Development of Asset-Liability Management (ALM)," discussing obstacles and solutions related to pension fund ALM. There was also a discussion on institutional limitations and improvement measures for applying effective ALM tailored to each fund's circumstances.
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Meanwhile, considering the COVID-19 situation, the forum was conducted via online streaming. Kyungjoo Choi, Vice Chairman of the Marketing Division at Mirae Asset Global Investments, stated, "This OCIO forum is highly meaningful not only in terms of content but also in timeliness, given the rapidly changing recent financial environment including COVID-19, for the development of the OCIO market."
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