The headquarters of the fund … Abandonment of the national pension

Entry 2018.11.28 19:33
| Revision 2018.11.28 19:36

At the beginning of last month, the departure of senior managers from the headquarters of the Pension Fund Management Directorate of the National Pension Service, which appeared to have been restored by the ISD membership, was another event. It's the fourth time this year. It is feared that the exodus of the Fund's head office, responsible for 651 trillion won (at the end of August), is not yet complete.

Lee Seo-chul, the second head of the fund's headquarters, recently expressed his gratitude to the ISD. The Operations Strategy Office is a central organization that badyzes the situation of domestic and foreign markets and establishes the overall management strategy of the National Pension Fund. The management code put forward by the current government (directive on the voting rights of institutional investors) is also responsible for investment.

He worked at the Department of Business Administration of the SNU at 87, where he worked for 12 years. He was rated as having a high degree of understanding and loyalty to the organization as long as it worked. A senior manager of the fund's management said: "Our employees seem to have been more shocked than when other executives retired."

The chief executive officer of the ISD, who had been in office for more than a year in July, when Joe In-sik, the former head of the ISD office, suddenly resigned, the chief executive of the The information (CIO) took over in the name of Cho. President and CEO Ahn Hyo-joon said: "It's been a long time since I'm worried about what to do in a heavy seat, and I'm glad the IOC is coming soon."

Three senior executives, including Cho Jae-bum, former chief investment officer Kim Jaebum, and Chae Jun-kyu, a former chief equity strategist, resigned from the fund's management this year. If the resignation is resumed, the fund will remain vacant for three of the nine senior executives, including the ISD, including the Chief Strategy Officer, the Chief Investment Officer and the Chief Investment Officer.

The number of people leaving the National Pension Fund increased from 9 in 2014 to 10 in 2015 and 30 in 2016 when local transfers were decided. In 2017, 27 people left the fund. The national pension announced that it would hire 38 more people in the first half of this year, but only 20 people were selected because they could not find a suitable person.

The national pension fund expands each year, even in the case of the operating stations. The national pension fund has risen sharply from 324 trillion won in 2010 to 427 trillion won in 2013 and 558 trillion won in 2016. It is expected that it will exceed 1,700 billion won by 2040.