Investment Staff Exodus at South Korea’s NPS
South Korea’s National Pension Service (NPS) is experiencing a number of key employee departures within the organization’s investment management department. Sang-Hyun Yoo, the Head of the Global Alternative Investment Division at NPS, has exited the firm. Kyung-Jik Lee, head of NPS’s global public market investment division, has left as well. Kyung-Jik Lee is heading over to an asset management company based in the United States. Before NPS, Kyung-Jik Lee had worked at the Korea Investment Corporation (KIC).
In 2016, approximately 30 investment management staff at NPS exited the organization. From January 1, 2017 to February 12, 2017, an estimated 27 investment management staff exited NPS. The exodus of senior investment officials is exacerbating the problem with younger employees.
Why the Exits?
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