| The Korean sovereign wealth fund has appointed one of the country’s central bankers to take over the role of CIO from Lee Dong-ik, who resigned in January. Choo Heung-Sik has been placed in charge of the Korea Investment Corporation’s (KIC) $74 billion in assets, AsianInvestor reported.
He had been head of reserves management at the Bank of Korea, after moving from holding the bank’s CIO role, before resigning last month to apply for the CIO position at the fund...............................................Full Article: Source
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