South Korea’s state-run National Pension Service (NPS), the world’s fourth largest pension fund, has launched an office in London, which will play a role to build a network with global financial institutions and overseas pension funds, monitor the international financial market and look for new investment opportunities.
The NPS held an opening ceremony at Mandarin Oriental Hotel in London Thursday, where 150 representatives from politics and financial circles attended.
The office will be led by Koo Woo-seok, who joined NPS in 2009. He has been responsible for NPS overseas investment after working at Goldman Sachs.
The opening of London office matches the fund’s strategy for investment expansion and diversification ahead of the fund’s growth to 100 trillion won ($86.4 billion) within 10 years, said Jun Kwang-Woo, Chairman and Chief Executive of National Pension Service (NPS).
[Written by Jung-hong Jeon / edited by Soyoung Chung]
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