Korean revolving doors causing chaos at NPS
The new chief executive of Korea's National Pension Service and his soon-to-be-announced investment chief need contracts based on performance, not term limits.
Performance, not term limits, must determine the longevity of the top officials guiding Korea’s major investment institutions. The latest merry-go-round has been at the National Pension Service, the nation’s $450 billion flagship retirement fund, which has just named a new chief executive and is busy choosing another chief investment officer.
Until the political culture changes, NPS staff, members and external managers can expect more organisational chaos and a discount on investm…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.