JP Morgan Management CEO mentions Korea's 'emotion' and "expands cooperation with the National Pension Service"

George Gaetz, CEO of JP Morgan Asset Management, said that the strategic partnership with the National Pension Service is an opportunity to expand cooperation based on the trust built over 10 years.

According to CEO Gaetz's LinkedIn post on the 13th, he compared the Korean word 'jeong (情)' to a deep bond built over time and wrote, "That's what the National Pension Service and we have built over the past 10 years."

He then emphasized that this agreement is not the beginning of a new relationship, but "the next chapter of the existing relationship," and "The best is yet to come!"

On the 11th, the National Pension Service announced that it had signed a strategic partnership agreement (MOU) covering all asset classes with JP Morgan Asset Management at the JP Morgan Chase headquarters in New York, USA.

JP Morgan Asset Management has been entrusted with managing the assets of the National Pension Service since 2015.

CEO Gaetz announced that the two sides will exchange views on global markets, macroeconomics, asset allocation, portfolio composition, and risk management, and strengthen investment capabilities for the National Pension Service's long-term goals.

He also added that he will continue his long-term commitment to the Korean market by opening an office in Jeonju, Jeollabuk-do in 2027.