New "Overseas Office Global Capability Enhancement Training" Introduced This Year
Recruitment of 65 Fund Management Staff Also Planned
The National Pension Service (NPS) has rolled up its sleeves to strengthen the overseas investment capabilities of its fund management staff. This move aims to secure relevant competencies in line with the expansion of overseas and alternative investments. Alongside this, the NPS is also set to recruit around 65 personnel to address the shortage of fund management staff.
According to the investment banking (IB) industry on the 17th, the NPS is conducting a bidding process to find an operator for the "2025 Fund Management Headquarters Global Investment Capability Enhancement Program" by the 21st. Since last year, the NPS has outsourced this program externally to improve educational expertise and operational efficiency.
Regarding the background of this educational initiative, the NPS explained, "Considering the growing necessity to strengthen infrastructure centered on overseas and alternative investments to improve fund returns, and the urgent need to secure global investment competitiveness of management professionals." At a press briefing held last month, Seowon Ju, Chief Investment Officer (CIO) of the NPS Fund Management Headquarters, also announced plans to improve overall aspects related to fund management, including decision-making systems, management organization, and investment infrastructure.
The educational program is broadly divided into four categories: ▲Global Investment Specialist Course ▲Overseas Office Training ▲Investment Practical Skills Enhancement Training ▲Overseas Office Global Capability Enhancement Training. Among these, the Overseas Office Global Capability Enhancement Training was newly established this year. It targets current and prospective overseas office staff and provides customized advanced training on risk management and domestic and international laws related to fund management. This training is scheduled to be conducted over four sessions (totaling 32 hours) between August and September. Currently, the NPS has overseas offices in four locations: New York and San Francisco in the United States, London in the United Kingdom, and Singapore.
The Global Investment Specialist Course is an advanced program that educates on management theories, strategies, and practical skills tailored to the characteristics of the NPS. It is planned to run from May to July, totaling 80 hours (8 hours per day). The Overseas Office Training includes on-site training, visits to asset management companies, and global financial education, scheduled for two weeks in October. Additionally, the Investment Practical Skills Enhancement Training, which teaches skills such as financial data analysis, will be conducted over four sessions (totaling 64 hours).
The NPS is also pushing to expand its fund management staff. On the 11th, the NPS announced the selection of a specialized agency to handle the overall recruitment of management staff this year. This initiative, first implemented last year, aims to shorten the recruitment cycle and regularize hiring to quickly resolve the shortage of management personnel. The plan is to recruit about 65 people in three rounds. The NPS fund management staff quota for this year is 419, an increase of 4 from last year's 415. However, the number of resignations has not decreased significantly, with 31 in 2020, 26 in 2021, 25 in 2022, 30 in 2023, and 20 as of June 2024.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
