Hana Bank Selected as Trustee Bank for Pension Fund Investment Pool Overseen by Ministry of Planning and Budget

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 trustee bank (trustee) for the Pension Fund Investment Pool, overseen by the Ministry of Planning and Budget.

The Pension Fund Investment Pool is a system introduced by the Ministry of Planning and Budget to enhance the stability and profitability of surplus funds from public funds. As the trustee bank for the Pension Fund Investment Pool, Hana Bank will be responsible for integrated management-including acquisition, disposal, settlement, and custody-of the investment assets of funds and public institutions within the pool for four years from this year through 2029. The bank will also verify the appropriateness of net asset values and monitor investment activities.

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

Last year, Hana Bank proactively introduced a next-generation trust system, achieving innovation in trust operations by significantly reducing manual work, improving operational efficiency, expanding processing capacity, and providing customized client reports. Going forward, the bank plans to deliver more specialized and advanced services to the Pension Fund Investment Pool by leveraging the rapid processing speed and sophisticated processes of its next-generation trust system.

Additionally, with this selection, Hana Bank will now be solely responsible for trustee services for all four major public pension funds-including the National Pension Service, Government Employees Pension Service, and Private School Teachers’ Pension, as well as the Military Pension-which are part of the Pension Fund Investment Pool. This is expected to further solidify the bank’s position and credibility in the trustee market.

A Hana Bank representative stated, “Being selected as the new trustee bank for the Pension Fund Investment Pool once again demonstrates our unrivaled capabilities as a leading trust institution in the market. We will provide even higher-quality services with a greater sense of responsibility to ensure that the Pension Fund Investment Pool, which is funded by various public resources, is managed more securely.”

In addition, Hana Bank provides customized trustee services for a variety of asset classes-including stocks, bonds, and real estate investment securities-to major institutions such as the Korea Post and Korea Venture Investment Corp., as well as to domestic and overseas asset management companies and insurance firms.