The National Pension Service (NPS) said on the 11th it will openly recruit the next chief investment officer (CIO) to lead the investment management headquarters while managing the 1,800 trillion won National Pension Fund.

Near the headquarters of the National Pension Service in Jeonju, North Jeolla, on March 13, 2018. The building on the right is the National Pension Service, and the one on the left is the Fund Management Headquarters. The surrounding area is vacant. /Courtesy of Chosun DB

The National Pension Service (NPS) held the CIO Recommendation Committee the day before (on the 10th) and decided to openly recruit CIO candidates from today through the 25th.

Eligible applicants are those who have served as a unit-level department head or higher at financial institutions, banks, financial investment firms, pension fund management institutions, foreign asset management institutions, collective investment business entities, investment discretionary firms, or insurance companies, and who have at least three years of experience in asset management or investment operations.

Applicants should submit the application form, personal statement, and job execution plan, among other required documents, to the National Pension Service (NPS) CIO Recommendation Committee by visiting in person, by email, or by registered mail by the 25th.

After the application period closes, the process will proceed through a first-round document screening, a second-round interview screening, and a recommendation by the committee, after which the National Pension Service chair will make the final appointment.

The CIO's term is two years. Reappointment is possible in one-year increments based on job performance.

Meanwhile, current National Pension Service (NPS) CIO Seo Won-ju's term ended at the end of last year, but the official is still performing duties.

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