Construction workers’ fund names ex-Hanwha General investment head as CIO
Feb 18, 2020 (Gmt+09:00)
Samsung shifts to emergency mode with 6-day work week for executives
CJ CheilJedang to sell feed, livestock unit for $1.4 bn
Samsung Electronics' key M&A man returns; big deals in the offing
Affinity to buy SK Rent-a-Car at $572 mn, more deals expected
Keppel REIT to sell Seoul-based prime office T Tower
The Construction Workers Mutual Aid Association (CWMA) has appointed Wihwan Lee, a former investment head of Hanwha General Insurance CO. Ltd., as chief investment officer for a two-year term starting from next Monday.
The incoming CIO will succeed Jung-su Han who resigned for a personal reason at the end of 2019, according to investment banking sources on Feb. 18. His appointment was first reported by the Financial News.
Between 2001 and 2015 Lee had worked for Samsung Life Insurance Co. Ltd. and led its equities investment team.
In the following year, he headed the overseas fixed-income investment team at Samsung Asset Management Co. Ltd.
He graduated from Korea University and recieved an MBA from Purdue University.
No further details were immediately available.
The retirement fund manages 3.8 trillion won ($3.2 billion) as of the end of September 2019, and fixed incomes accounts for 60%, little changed from 2018. The proportion of alternatives rose to 23% from 19 % at the end of 2018.
By Hyun-il Lee
hiuneal@hankyung.com
(Updated on Feb. 19, 2020 to add the CIO-designate's photo and his MBA degree.)
Yeonhee Kim edited this article
-
Private equityPrivate markets open to more high-net-worth individuals: Hamilton Lane
Apr 16, 2024 (Gmt+09:00)
-
InfrastructureInfrastructure secondaries continue to rise amid inflation: Stafford
Apr 09, 2024 (Gmt+09:00)
-
Private equityCarlyle’s Rubenstein sees commercial real estate undervalued
Apr 08, 2024 (Gmt+09:00)