GEPS taps former KB Asset chief risk officer as new CIO

Sohn Young-jin led asset management at Prudential Life, formerly the Korean arm of Prudential Financial, as CIO

Government Employees Pension Service headquarters in Jeju Island, South Korea (Courtesy of GEPS)
Government Employees Pension Service headquarters in Jeju Island, South Korea (Courtesy of GEPS)
Gyeong-Jin Min 1
21 HOURS AGO min@hankyung.com
Pension funds

South Korea’s Government Employees Pension Service (GEPS) on Wednesday appointed Sohn Young-jin, former head of risk management at KB Asset Management Co., as its new chief investment officer.

On July 7, he will assume the two-year role, which is renewable annually for one additional year, according to investment banking sources.

Sohn had led asset management at Prudential Life Insurance Co., formerly the Korean arm of Prudential Financial Inc., as CIO since joining the firm in 1999.

Following KB Financial Group’s acquisition of the life insurer, he had served as chief risk officer at KB Asset Management.

He succeeds Baek Joo-hyun, who is retiring on July 3 after serving as CIO for three years. Baek's original two-year term was extended by one year.

GEPS manages 12.31 trillion won ($9 billion) in assets as of the end of April.

Write to Gyeong-Jin Min at min@hankyung.com
 

Yeonhee Kim edited this article.
#CIO #GovernmentEmployeesPensionService #GEPS #KBAssetManagement #chiefinvestmentofficer #PrudentialLife

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