NPS names new CEO, shortlists for CIO

South Korea’s $450 billion National Pension Service (NPS) has installed a new chairman and chief executive, whose immediate task is to recruit a chief investment officer. Former health and welfare minister Moon Hyung-Pyo took up the CEO and chairman role on December 31. This comes after a public spat broke out between the former chairman Choi Kwang and former CIO Hong Wang-Sun, with the government moving to replace both officials last year, as reported. Background on the dispute c…