Korea’s Teachers’ Pension names SK Securities VP as CIO

South Korea’s Teachers’ Pension has named Jeon Bum-sik, a vice president at SK Securities Co. with three decades of investment experience as its new chief investment officer (CIO), according to investment banking industry sources on Wednesday.

Jeon will begin his new role at the large pension fund for Korea's private school teachers — managing 24.6 trillion won ($18.1 billion) in assets as of end-April — in November.

The incoming CIO is currently a vice president in charge of alternative investment at SK Securities, a medium-sized domestic securities company. 

Jeon is also a Teachers’ Pension alumnus.

He started his financial career with the pension fund in 1991 where he covered a wide range of fields, from fixed-income management, investment analysis and alternative investing to fund management, until moving to KB Securities Co. (formerly Hyundai Securities) in 2012.

He joined SK Securities in 2013 and has led various investment projects in principal investment and alternative investment there. 

Jeon beat out four other shortlisted candidates for the CIO position at Teachers’ Pension.

The major Korean pension fund plans to boost its overseas alternative investments to 19% of assets under management by 2027.

Write to Byeong-Hwa Ryu at hwahwa@hankyung.com
Sookyung Seo edited this article.