National Pension Service of Korea (NPS) has named Jae-Wook Lee, the former head of the corporate investment team, as the acting head of domestic alternative investments, after his predecessor Jae-Bum Kim left the company last month.
Lee will take charge of real estate, private equity and venture investments in South Korea.
According to the Korean pension, a third of its executives have left the firm since 2017 and NPS cannot find suitable candidates to replace them.
The KRW638.5 trillion ($568.7 billion; €489.1 billion) NPS allocated 10.9 percent of its total assets to alternative investments as of June 2018.
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