Pensions Abroad

NPS Chairman Choi Kwang (middle) attends the NPS Singapore Office Opening Ceremony on Sept. 17 with DBS Bank CEO Piyush Gupta (left) and Ravi Menon (second from the left), governor of the central bank of Singapore.
NPS Chairman Choi Kwang (middle) attends the NPS Singapore Office Opening Ceremony on Sept. 17 with DBS Bank CEO Piyush Gupta (left) and Ravi Menon (second from the left), governor of the central bank of Singapore.

 

The National Pension Service (NPS) held an opening ceremony for its Singapore office on Sept. 17 at the Marina Bay Sands Convention Center. It is the third overseas office of the organization, following one in New York that opened in 2011 and another in London that opened in 2012.

The Singapore Office of the NPS is planning to seek various investment opportunities in the ASEAN region, Australia, etc. At the same time, it is aiming to obtain the latest investment information by making use of the position of Singapore as an Asian financial hub, while continuing to form cooperative networks with global financial institutions doing business in Singapore.

“We will expand our alternative investment in Asia, the Middle East, India and the like by means of the Singapore office, so that the ratio of our assets invested abroad goes up to at least 30 percent by 2020,” said NPS chairman Choi Kwang, adding, “In this context, we will shift the focus of our alternative overseas investment in private equity, infrastructure and real estate from advanced economies to developing countries.”

The NPS is planning on a strategic partnership with the Asian Infrastructure Investment Bank (AIIB) as well. “AIIB president Jin Liqun participates in the meeting of global pension funds scheduled for Sept. 18, and we will be able to have a chance to discuss cooperation between the NPS and the AIIB,” the chairman explained.

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