Investors

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.

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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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