[Asia Economy Reporter Cho Hyun-ui] Ahn Hyo-jun, Director of the National Pension Fund Management Headquarters (Fund Director), has had his term extended by one year.
On the 6th, the National Pension Service announced, "It has been decided to extend Director Ahn's term, which expires on the 7th, by one year."
Director Ahn has led the National Pension Fund Management Headquarters for two years since October 2018.
During his tenure, he achieved the highest rate of return since the establishment of the Fund Management Headquarters in 1999, recording 11.31% last year through investment diversification and strengthening risk management systems.
This year, despite the crisis caused by the novel coronavirus disease (COVID-19), he is evaluated to have achieved a favorable provisional return of 3.56% as of the end of July.
He also expanded and reorganized the department dedicated to fiduciary responsibility activities and restructured the alternative investment organization by subdividing it by asset type (real estate, infrastructure, private equity) and region (Asia, Europe, Americas), thereby laying a foundation for stable fund management.
The decision to reappoint a Fund Director is the first since Lee Chan-woo, who served from October 2010 to November 2013.
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