Teachers Pension, a major player in the capital market with about 3 trillion won in assets under management, has begun the open recruitment process for a new chief investment officer (CIO).
On the 18th, Teachers Pension said it began accepting applications for the open CIO position that day. Applications will be accepted through on the 2nd of next month, followed by document screening and interviews, with final appointment planned in July.
The new CIO will oversee management of the Teachers Pension fund totaling 2.97 trillion won across domestic bonds, alternative investments, overseas stocks, domestic stocks, and overseas bonds. The term is two years.
Meanwhile, Teachers Pension moved to select a successor after former CIO Jeon Beom-sik left to become head of asset management at the National Federation of Fisheries Cooperatives. Last year, Teachers Pension's fund investment return was tallied at 18.93%.