NPS says to restart CIO selection process soon

  • 2018-06-28

 The National Pension Service (NPS) said on June 27 that it found “no qualified candidate” for its chief investment officer position during a four-month recruitment process.

 “We will restart the selection process quickly from June 27, 2018 by forming a CIO selection committee and discussing screening criteria for candidates,” it said in a brief statement.

A senior-ranking NPS source told the Korean Investors that strict eligibility requirements were applied to the selection process as if  they screened ministerial-level officials.

 NPS’ global public market head In-Sik Cho has been serving as acting CIO for almost one year.

By Chang Jae Yoo

<Edited by Yeonhee Kim>