Kookmin Pension Service's Ahn Hyo-jun Extends Term as Fund Management Director for 1 Year

Ahn Hyo-jun, Fund Director at the National Pension Service

[Asia Economy Reporter Park So-yeon] The National Pension Service announced on the 29th that it has decided to extend the term of Ahn Hyo-jun, Director of the Fund Management Headquarters (Fund Director), for one more year as of October 7, when his one-year reappointment period expires.

Since his appointment in October 2018, Director Ahn has been recognized for his capabilities, achieving the highest rate of return of 11.31% in 2019 since the establishment of the Fund Management Headquarters in 1999, and was reappointed for the first time last October.

In 2020, despite difficulties caused by the COVID-19 pandemic, he achieved a high return of 9.70%, leading the Fund Management Headquarters to outperform benchmarks across all asset classes for the first time since its establishment.

Meanwhile, Director Ahn has been working to expand the operational foundation for sustainable performance creation since his appointment, in preparation for the upcoming era of the National Pension Fund reaching 1,000 trillion won.

Internally, he has focused on strengthening operational capabilities by enhancing preemptive risk management to implement investment diversification policies, reorganizing and expanding the organization and infrastructure, and improving alternative investment processes.

Additionally, by leveraging a broad overseas network, he has made various efforts to improve long-term operational performance, such as expanding the base for discovering high-quality overseas investment destinations through strategic partnerships with global pension funds and asset managers like APG and Allianz.

This marks the first time since the establishment of the Fund Management Headquarters that a Fund Director has been reappointed more than twice, and thus, Director Ahn Hyo-jun will serve as the head of the Fund Management Headquarters until October 7 of next year.

Chairman Kim Yong-jin said, "Director Ahn Hyo-jun contributed to the stable transformation of the organization by activating communication and cooperation between departments to strengthen the National Pension’s fund management capabilities, while demonstrating leadership emphasizing global competitiveness," adding, "I hope this sets a precedent that National Pension Fund Directors can serve long-term if their capabilities are recognized, like overseas pension fund CIOs."

Regarding his reappointment, Director Ahn Hyo-jun expressed, "I will not lose my initial resolve and will strive to meet expectations by establishing a stable operational system for the National Pension Fund and preparing an advanced management system with a long-term perspective."

This content was produced with the assistance of AI translation services.