Government Funds Begin 2016 With Senior Staffing Changes

February 01, 2016 by Loch Adamson

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OTPP CIO Bjarne Graven Larsen Government funds have started 2016 in a restless mood. Several of the world’s largest state-owned investors, including the Ontario Teachers’ Pension Plan, South Korea’s National Pension Service and China’s State Administration of Foreign Exchange have already implemented senior executive changes. Some funds appear to be reshuffling their management teams as a result of political pressure — the Korea Investment Corp. , for example, has appointed a new chairman and CEO in the wake of a government-led audit. Others are building their investment departments to ensure they are properly equipped to navigate a volatile market environment in which risks and opportunities abound. Staff Changes in Seoul On January 18, sovereign wealth fund Korea Investment Corp. (KIC) named Sung-Soo Eun as its new chairman and CEO. Eun joins the fund from the World Bank, where he was an executive director; he previously served as South…

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