Korea’s MMAA appoints Kim Jae-dong as CIO
The military pension fund promotes its head of securities investments to one of its two CIO roles, as Lee Sang-ho departs. The move comes two years after a structural shake-up.
South Korea’s Military Mutual Aid Association (MMAA) has named Kim Jae-dong as the new chief investment officer of its finance division, effective from April 1.
Kim, former head of the $8.5 billion pension fund’s securities investment department, confirmed to AsianInvestor yesterday that he had been promoted. The appointment followed a public recruitment process.
Kim said the finance division oversaw about $3.5 billion of MMAA’s AUM, with the rest under the construction division…
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