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Pensions

Korean Sovereign Wealth Fund Appoints Park Il Young as CEO

The executive moves from the World Bank Group for a three-year appointment.
By Matt Toledo



The Korea Investment Corp., South Korea’s sovereign wealth fund, announced Thursday the appointment of Park Il Young, an executive director for the World Bank Group, as its ninth CEO.

Park succeeds Jin Seoungho, who was appointed as CEO of the sovereign wealth fund in 2021. KIC CEOs are appointed for three-year terms.

Before his appointment as executive director for Asia and the Pacific Constituency at the World Bank, Park held roles at South Korea’s Ministry of Strategy and Finance, including director of the development finance bureau, director of the foreign economic bureau and director of the international economic management bureau.

The Korea Investment Corp., established in 2005, manages $189.4 billion in assets. In 2023, the fund returned 11.6%. The fund allocated 39.2% of its assets to equites, 31.5% to fixed income and 22% to alternative investments.

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Young earned a bachelor’s degree in international finance and economics from Seoul National University and a master’s degree in international developmental policy from Duke University, according to the announcement.

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Home > News > Newsmakers > Lyenda Simpson Delp to Head NTAM’s Global Institutional Client Group
Newsmakers

Lyenda Simpson Delp to Head NTAM’s Global Institutional Client Group

Delp’s appointment at Northern Trust Asset Management starts on December 3.
By Matt Toledo

Northern Trust Asset Management, a $1.2 trillion asset manager, announced on Wednesday the appointment of Lyenda Simpson Delp as head of the company’s global institutional client group, effective December 3.  

Delp will oversee NTAM’s institutional business, which services asset allocators around the world, representing $900 billion in assets under management across pension funds, sovereign wealth funds, insurers, nonprofits, family offices, corporations and investment consultants. 

According to a news release, Delp will lead the strategic direction of the asset manager’s institutional business across the Americas, Europe, the Middle East and Asia-Pacific regions. Delp will report to Daniel Gamba, president of Northern Trust Asset Management. 

“Lyenda is a proven leader with a career focused on delivering exceptional client outcomes, combining expertise in investments in public and private markets, technology solutions, and distribution,” Gamba said in a statement.  

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Delp is joining NTAM from BlackRock, where she has been head of the financial institutional group for the Americas. She has been at BlackRock for 15 years in several senior client relationship roles. Preivously, Delp was a client portfolio manager at Goldman Sachs. 

Delp earned a bachelor of science degree in biochemistry and chemistry from the University of the West Indies in Jamaica and an MBA from the Tepper School of Business at Carnegie Mellon University.  

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Many Asset Managers Are Eyeing Outsourcing, Per Northern Trust 

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