Sang-Hyun Yoo, the new global alternative division head of the National Pension Service (NPS) and senior managers of other top South Korean institutional investors visited London to meet with British asset managers on July 22, including Schroders, Hermes Investment Management and Legal & General (L&G), a South Korean regulator and industry sources said on July 21.
The South Korea participants include the chief investment officer of Government Employees Pension Service (Young-gwon Choi), the Korea Investment Corporation’s London office head (Chungkeun Kim), the Teachers’ Pension CIO (Min Ho Park), the head of the Korea Post’s savings bureau (Chinyong Chong), a senior manager of the Bank of Korea in charge of investment management (Chang-ho Yoo) and an executive of Samsung Life Insurance’s strategic investment division (Tae Won Yang), according to the Financial Services Commission (FSC) and industry sources.
They will participate as r
epresentatives of South Korean asset owners in an asset management session to be held in Guildhall in the City of London at 2 p.m. on July 22 as part of a Korea-UK financial forum hosted by South Korea’s FSC. They will discuss their investment strategies and global alternative investment trends following the Brexit decision. Guy
Sears from the Investment Association, the UK trade body that represents fund managers, is set to make a presentation about the strengths of British asset
After the session, they are expected to have in-depth discussions about recent global investment market trends and post-Brexit investment opportunities in Britain and Europe, as well as accompanying risks.
In the bilateral forum that marks a third anniversary, FSC Chairman Jong-yong Yim and senior officials of South Korea’s financial agencies will meet with Britain’s Financial Conduct Agency CEO Andrew Bailey, Katherine Braddick, International Director of Financial Services and others to discuss macroprudential measures and policy efforts on Fintech.
By Chang Jae Yoo
<Edited by Yeonhee Kim>