People: BoK appoints new reserves chief; Fed staffer returns to head up Riksbank research
South Korea: The Bank of Korea (BoK) has appointed Chae Sun-Byoung as head of its reserve management group, the central bank has confirmed. Chae, currently head of the BoK's New York office, will succeed Choo Heung Sik, who moved to become chief investment officer at the country's sovereign wealth fund earlier this year.
Chae, who will take up his new role in mid-May according to local sources, has served the central bank for more 30 years. After working in the investment strategy and risk
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
Taliban appoints new governor to Afghan central bank
Hidayatullah Badri was acting finance minister and previously ran Taliban’s finances
Boards’ make-up differs across jurisdictions
Emerging market economy boards more likely to include government officials and ministers
IMF review finds flaws in Covid-19 response
Key departments lacked sufficient staff and fund missed surge in inflation, IEO report says
Countries vary on governor appointment powers
Poorer countries more likely to combine powers, while richer ones split responsibilities
Brazilian MPC holds rates despite pressure
President says policy rate is “absurd” but MPC says expectations not yet anchored round targets
Central banks’ roles differ by national wealth
Few central banks have task of overseeing sovereign wealth funds
Most governments can change mandates without consulting central banks
Most jurisdictions’ central bank laws either limit or forbid monetary financing
Central banks differ over board term limits
Nearly half of responding central banks impose no term limits on board members