POBA seeks new CIO as Jang Dong-hun's term ends in Jan 2022

South Korea’s Public Officials Benefit Association (POBA) is looking for a new chief investment officer (CIO) as the term of current CIO Jang Dong-hun ends in January 2022. On Nov. 3 POBA announced a call for applicants, stating that the term of office is three years from the appointment.

Requirements for CIO candidates include a solid background in pension funds or financial institutions; professional leadership experience in business areas that meet POBA’s investment purpose; and not having any disqualifications defined by the pension fund, such as legal or financial issues. POBA will accept applications by Nov. 17 and then set up interviews with successful applicants.

Jang has served the longest term as CIO in Korea's pension fund industry, having been in the role since November 2015. Successfully managing his namesake Jang Dong-hun Fund in 1998, he is considered among the first generation of Korea’s fund management industry. For the past five years, POBA achieved a 6.9% annual investment return, surpassing its 5.5% target. He succeeded to a second term in January 2019, with 90% support from the pension fund’s board of representatives. 

Write to Jong-woo Kim at jongwoo@hankyung.com
Jihyun Kim edited this article.