National Pension Service
National Pension Service (NPS) is South Korea’s public pension scheme, with 777 trillion won ($685 billion) in assets under management as of the end of July 2020. It is the world’s third-largest pension fund after Japan’s GPIF and Norway’s GPFG. NPS allocates 91.3 trillion won to alternative assets, or 11% of its portfolio, with overseas alternatives making up 55.7 trillion won, or 8%. NPS’ assets are forecast to increase to 1,000 trillion won by 2024, by when alternative assets are expected to expand to 14%.
Chief Investment Officer
Ahn Hyo-joonExecutive Fund Director & Chief Investment Officer
Ahn leads the National Pension Service Investment Management (NPSIM) function, consisted of 3 managing directors, 12 divisions and 3 overseas offices. He has 32 years of investment experience, of which 18 years were spent overseas in Australia, Hong Kong and New York. He worked at various securities firms including Seoul Securities, Daewoo Securities, Daiwa Securities and held asset management positions at ANZ Bank and Kyobo AXA Investment Managers. His previous roles at NPS include the Director of Overseas Securities and the Director of Domestic Securities Management.
Private Equity & Venture Capital Investment Division
Choi Hyung-donDirector of PE & VC
Choi leads the PE & VC arm of NPS Investment Management function. He previously held asset management positions at Prudential Life Insurance and ING Life Insurance. After joining NPS in 2006, he held various alternative investment roles focusing on both domestic and overseas markets. He was in charge of overseas PE investments from 2015 until he took his current role in 2018.
Kim Jun-geunSenior Hedge Fund Portfolio Manager
Kim is responsible for all hedge fund investments performed by NPS. He has a risk management and structured products analysis background and has been managing hedge fund portfolio of NPS since 2015. He was also one of the first members that set up NPS New York Office in 2011.
Real Estate Investment Division
Kim Hyun-sooHead of Real Estate Investment
Kim oversees all global real estate investment activities conducted by NPS. He previously worked at GE and Credit Suisse First Boston (CSFB) focusing on real estate investment. He received a Bachelor's degree from Columbia University and holds a Master's degree in real estate from Harvard University.
Choi Dong-hyunHead of Europe Real Estate Investment
Choi was formerly a Real Estate Investment Manager at Samsung Fire & Marine Insurance and also built audit experience while he was working at PwC. He joined NPS in 2016 and oversees the organization's real estate investment activities in Europe. Choi has an MBA degree from the London Business School.
Global Infrastructure Division
Kim Jee-yeonHead of Global Infrastructure Investment
Kim became the first female director at NPS when she was promoted to Head of Infrastructure Investment in 2018. She oversees NPS infrastructure AUM around $20 billion. She was formerly Head of Singapore Office focusing on infrastructure, real estate and PE investment in Asia-Pacific markets.
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