South Korea’s Government Employees Pension Service (GEPS) is looking to hire six foreign securities brokerage firms for its US$1.6 billion international portfolio.
The firms will be responsible for trading services in foreign equities, bonds, and exchange-traded funds, GEPS says in a request of proposal published on the website of the Korea Investment Financial Association on May 24.
It did not detail the eligibility criteria for applicants, saying only that the brokerages will be hired for a six-month period. The tender is open until June 11.
The document does not specify the value of the fund’s foreign portfolio but a GEPS spokesperson tells