Lee Do-yoon had served as CIO of the Police Mutual Aid Association between 2016 and 2020
Lee Do-yoon, a former chief investment officer of South Korea s Police Mutual Aid Association (PMAA), has been named as CIO of the Yellow Umbrella Mutual Aid Fund, a $13 billion savings arm of Korean small business owners.
He was among the three shortlisted candidates for the new post, including an unidentified domestic savings fund CIO, to replace Jeong Du-Yeong who is retiring at the end of this month after a two-year term. Previously, Jeong had worked as CIO of Korea Scientists and Engineers Mutual-Aid Association for four years until 2019.
Korea Investment Management Co, a Seoul-based fund manager with over US$40 billion of assets under management, is looking to hire a local research institute to provide environmental, social and governance (ESG) analysis.
The research provider has to evaluate all the companies in the benchmark Korea Composite Stock Price Index and the Korea Securities Dealers Association 100 Index, the fund manager says in its request for proposal published on the website of the Korea Financial Investment Association on February 3.
The winning bidder will have to regularly provide Korea Investment Management with the companies’ ESG scores and ranking.
The hiring comes as Korean investors are stepping up exposure to sustainable investing.