Korea’s Police Mutual Aid Association reappoints CIO

The South Korean police pension fund extended chief investment officer Do Yoon Lee’s tenure to up to October 2020.

South Korea’s Police Mutual Aid Association (PMAA) has reappointed Do Yoon Lee as chief investment officer for two more years.

Lee, the former fixed-income head of Samsung Asset Management Co. Ltd., will start his second term beginning October this year.

Managing about KRW 2.3 trillion ($2.04 billion; €1.75 billion; £1.56 billion), PMAA is now allocating 52.2 percent of its total assets to alternative investments.

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