Watson Wyatt wins NPC mandate

Korea''s largest pension fund moves closer to outsourcing international mandates.

The National Pension Corporation, which manages the $53 billion national pension system for South Korea - the nation's largest pension fund - has just mandated Watson Wyatt as its investment consultant for international investments, according to market players.

The move is not only significant as a piece of business for Watson Wyatt, which affirms its lead in mainland Asia's investment consulting market, but for launching Korea's institutional presence overseas.

Korean investors, both retail and institutional, have traditionally shied from overseas...

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