Cooperation across all asset classes, including equities, bonds, and alternative investments
Strengthening capabilities in market analysis, asset allocation, and risk management
The National Pension Service (NPS) is joining forces with J.P. Morgan Asset Management to strengthen cooperation across all asset classes.
The National Pension Service said on the 11th that it signed a memorandum of understanding (MOU) with J.P. Morgan Asset Management for a strategic partnership on the morning of the 10th (local time) at JPMorgan Chase’s headquarters in New York.
Under the agreement, the existing outsourced investment management relationship will be expanded into a comprehensive partnership covering all asset classes, including equities, bonds, multi-asset investments, and alternative investments.
Founded in 1799, JPMorgan Chase is a global financial services group with businesses spanning investment banking, retail banking, corporate banking, and asset management. J.P. Morgan Asset Management, which managed approximately $4.8 trillion in assets (about 6,430 trillion won) as of the end of September, has managed investment assets on behalf of the NPS since 2015. It also plans to open a local office next year in Jeonju, where the NPS headquarters is located.
Through the MOU, the two organizations plan to exchange information and expertise on global macroeconomic and financial market trends, asset allocation, portfolio construction, and risk management; collaborate on research across all asset classes and strengthen investment capabilities; and explore additional ways to cooperate in line with the NPS’s long-term investment objectives.
Kim Seongju, chairman of the National Pension Service, said, “We will continue to enhance our expertise in fund management and our investment capabilities through cooperation with global financial institutions.”
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George Gatch, president of J.P. Morgan Asset Management, said, “We look forward to sharing our insights and expertise in global active management and working closely with the NPS as it pursues its long-term investment objectives.”
Kim Seongju, chairman of the National Pension Service, poses for a commemorative photo with George Gatch, CEO of J.P. Morgan Asset Management, after signing a strategic memorandum of understanding (MOU) at JPMorgan Chase’s headquarters in New York on the 10th (local time). Photo provided by the National Pension Service.
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