Korean pension fund hires pro-global CIO

South Korea’s $7 billion Government Employees Pension Service (GEPS) has appointed a new chief investment officer with a pro-global view, just months after naming a new chairman. Effective from March 7, Yoo Seung Rok joins as CIO from Hi Asset Management Company, a subsidiary of Hyundai Heavy Industries where he was president and chief executive. He takes over from Kevin Kwon, whose two-year term was not renewed and who left at the end of January to take up a role leading the pr…