PIMCO, the overseas bond and real estate asset management company for the National Pension Service, opens a liaison office in Jeonju, North Jeolla Province, where the National Pension Fund Headquarters is located, and begins operations. This is PIMCO's first office in Korea.
The National Pension Service noted that a ceremony for the opening of the PIMCO Jeonju liaison office was held in the afternoon of the 2nd in Jeonju, North Jeolla Province. Attendees included Alex Kussman, PIMCO's Asia Pacific representative, Park Jung, the Korean representative, and Kim Tae-hyun, chairman of the National Pension Service.
PIMCO is an active asset management company specializing in public and private bonds, managing $2 trillion (approximately 2,900 trillion won) in assets as of the end of 2024. More than 3,000 professionals operate from 24 global offices. PIMCO has been entrusted with managing the investment assets of the National Pension Service since 2005.
The PIMCO Jeonju liaison office will strengthen partnerships with Korean clients, including the National Pension Service. Chairman Kim Tae-hyun said regarding the opening of PIMCO's first office in Korea, "This will serve as an opportunity to create more frequent collaboration in the future."
Previously, global custodial banks that established a presence in Jeonju include State Street Bank (SSBT) and BNY Mellon. Other asset management offices include Franklin Templeton, BNY Mellon Asset Management Group, Blackstone, Hines, and Tishman Speyer.