Heo Jang Confirmed for Reappointment as CIO of POBA

Ministry of the Interior and Safety Approves Reappointment
Three-Year Term Confirmed

The Public Officials Benefit Association (POBA) announced on April 29 that the reappointment of Chief Investment Officer (CIO) Heo Jang was finalized with the approval of the Minister of the Interior and Safety.

Heo, who was first appointed as CIO of POBA in February 2022, succeeded in being reappointed after being elected as the new CIO at the POBA General Assembly of Delegates on April 22. Election as CIO requires the approval of at least two-thirds of all delegates. Heo reportedly secured support based on his outstanding performance during his term. His new term will run for three years, from April 30, 2025, to April 29, 2028.

Heo began his career at Dongyang Securities (now Yuanta Securities) in 1989 and has since served in various roles, including equity portfolio manager at Dongyang Investment Advisory, head of the securities business division at Samsung Life Insurance, and head of the SA investment team at Samsung Asset Management. He later gained extensive experience in major asset management and insurance companies, serving as head of the equity investment division at Prudential Asset Management (now Hanwha Asset Management) in 2006, CEO of Tempis Investment Advisory in 2011, and head of the investment business division at Dongbu Insurance (now DB Insurance) from 2013 to the end of 2020.