Korea’s NPS Opens up London Office
Setting up regional offices is paramount for long-term public investors who invest internationally, as on-the-ground presence is crucial for accessing important investments and local managers. The $320 billion National Pension Service of Korea opened up an office in London. South Korea’s largest public pension fund is expanding its reach in Europe. Earlier, the Korea Investment Corporation (KIC) opened an office in London as well.
The United Kingdom’s Deputy Prime Minister Nick Clegg said in a statement, “the investment this brings will be a considerable boost for British jobs, investment for UK infrastructure projects, and growth for manufacturing.”
He believes it was a “vote of confidence” in the United Kingdom.
Increasingly, more public investors and sovereign wealth funds are choosing London as their European base of operations for investments.