KoreaÆs Government Employees Pension Service hires CIO

The Government Employees Pension Service of Korea (GEPS) has installed Kwon Jae-woan as its new chief investment officer, following the surprise resignation of his predecessor in January. Kwon joins from Citi where he was in charge of the trust business division, included managing up to $50 billion in securities on behalf of clients. He previously worked at Koram (Hanmi) Bank, which was acquired by Citi in 2004. He takes over the position previously held by Chung Kyung-soo, who resi…