Hana Bank Selected as Custodian Bank for 'Pension Fund Investment Pool' Overseen by Ministry of Economy and Finance

Integrated Management of Investment Assets for Funds and Public Institutions within the Pension Fund Investment Pool for Four Years through 2029

Hana Bank announced on January 5 that it has been selected as the new custodian bank (trustee) for the Pension Fund Investment Pool, which is overseen by the Ministry of Economy and Finance.

The Pension Fund Investment Pool is a system introduced by the Ministry of Economy and Finance to enhance the stability and profitability of surplus fund assets. As the custodian bank for the Pension Fund Investment Pool, Hana Bank will, from this year through 2029, provide integrated management for the acquisition, disposal, settlement, and safekeeping of investment assets belonging to funds and public institutions within the pool. The bank will also be responsible for verifying the appropriateness of base prices and monitoring management activities.

The competitive bidding process for selecting the new custodian bank for the Pension Fund Investment Pool involved a comprehensive evaluation of various criteria, including the financial stability of the custodian, scale of assets under custody, human resources, internal controls and compliance, IT systems, work processes, and asset management support plans.

Last year, Hana Bank proactively introduced a next-generation custody system, achieving innovations in custody work such as a significant reduction in manual tasks, enhanced operational efficiency, increased processing capacity, and the provision of customized client reports. Going forward, the bank plans to offer more specialized and advanced services for the Pension Fund Investment Pool by leveraging the fast processing speed and sophisticated processes of its next-generation custody system.

In addition, with this selection, Hana Bank will now be solely responsible for the custody of all four major public pensions within the Pension Fund Investment Pool, including the National Pension Service, Government Employees Pension Service, Private School Teachers' Pension, and, now, the Military Pension. This is expected to further strengthen the bank's position and credibility in the custody services market.

A Hana Bank representative stated, "Through our selection as the new custodian bank for the Pension Fund Investment Pool, we have once again proven our unrivaled capabilities as a leading custodian in the market," adding, "We will provide even higher-quality services with a greater sense of responsibility to ensure that the Pension Fund Investment Pool, which manages various public funds, is operated with maximum stability."

Beyond this, Hana Bank also provides a wide range of customized custody services-including for stocks, bonds, and real estate beneficiary certificates-to major institutions such as the Korea Post and Korea Venture Investment, as well as to domestic and overseas asset management companies and insurance firms.