National Pension Service Fund Management Headquarters Personnel Changes... "Expansion of Alternative Investments"

The National Pension Service Fund Management Headquarters announced on the 15th that, effective next month on the 10th, Park Seong-tae, the current Head of the Strategy Division, will be appointed as the Head of the New York Office, and Lee Seok-won, the current Head of the Equity Management Office, will be appointed as the Head of the Strategy Division, among other appointments at the division head and office chief levels.

In addition, appointments were made including ▲ Ahn Ji-yong as Head of the Equity Management Office (currently Head of the Infrastructure Investment Office) ▲ Hwang Mi-ok as Head of the Infrastructure Investment Office (currently Head of the Alternative Risk Management Office) ▲ Lee Jae-wook as Head of the Alternative Risk Management Office (currently Head of the New York Office) ▲ Park Won-woong as Head of the London Office (currently Head of External Cooperation) and others.

This personnel reshuffle is one of the measures to improve returns. Due to the deterioration of the global investment environment last year caused by monetary tightening and the Russia-Ukraine war, the National Pension Fund's investment returns fell to an all-time low, making it necessary to restore public trust in the sustainability of the National Pension.

The National Pension Service carried out this personnel reshuffle to expand overseas and alternative investments. It is part of the policy to diversify investments to improve returns.

Additionally, the plan is to strengthen the role of overseas offices as forward bases to enhance global competitiveness. It also reflects the need for proven leadership to improve the asset allocation system, diversify alternative investment strategies, and strengthen risk management to generate excess returns.

Seo Won-ju, Head of the Fund Management Headquarters, said, “With this personnel reshuffle, we will strengthen overseas investments and enhance organizational dynamism to fully commit to improving returns.”

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