NPS says to restart CIO selection process soon

Jun 28, 2018 (Gmt+09:00)

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The National Pension Service (NPS) said on June 27 that it found “no qualified candidate” for its chief investment officer position during a four-month recruitment process.

“We will restart the selection process quickly from June 27, 2018 by forming a CIO selection committee and discussing screening criteria for candidates,” it said in a brief statement.

A senior-ranking NPS source told the Korean Investors that strict eligibility requirements were applied to the selection process as if they screened ministerial-level officials.

NPS’ global public market head In-Sik Cho has been serving as acting CIO for almost one year.

By Chang Jae Yoo

yoocool@hankyung.com