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KIC’s CIO, COO and CRO to exit in shake-up

The new head of Korea Investment Corporation is moving to implement reforms at the $90 billion sovereign wealth fund after his predecessor violated internal guidelines.
KIC’s CIO, COO and CRO to exit in shake-up
The chief investment officer, chief operating officer and chief risk officer of Korea’s $90 billion sovereign wealth fund are all stepping down, as the new chief executive moves to overhaul its structure and management style. Eun Sung-Soo took office as chairman and CEO last month, replacing ‘Hank’ Ahn Hong-chul, who left Korea Investment Corporation (KIC) in November, a year before his contract had been due to finish. The fund had violated internal guidelines on his watch, as rep…
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