2025 AIF APAC Annual Investors' Meeting
April 1–2 | Westin Josun | Seoul, South Korea
On behalf of AIF Global, we hope you will join us for the 2025 AIF APAC Annual Investors’ Meeting to be held April 1–2 at the Westin Josun in Seoul, South Korea.
The 2025 AIF APAC Annual Investors’ Meeting will bring together investment thought leaders to share best ideas, practices, and information and address the needs of institutional asset owners in the Asia-Pacific region, as well as across the globe.
Agenda to be released soon
Agenda at a Glance
Tuesday, April 1
8:30–9:00 a.m.
Registration
9:00–9:10 a.m.
Opening Remarks and Introductions
- Sam Y. Chung, Ph.D., Head of AIF APAC, AIF Global and the AIF Institute
- Brant Maller, Founder and CEO, AIF Global and the AIF Institute
9:10–9:30 a.m.
Day One Welcome Remarks
- Ki-Il Lee, 1st Vice Minister, Ministry of Health & Welfare (Republic of Korea)
- Yoo-seok Seo, Chairman and CEO, Korea Financial Investment Association
Day One Keynote Speech
Sunghwan Shin, Member of the Monetary Policy Board, Bank of Korea (BOK)
9:40–10:40 a.m.
Day One Fireside Chat: A New Era for the Global Economy and Geopolitical Landscape
The global economy and geopolitical environment are undergoing a period of
transformation. The US economy shows positive signs, while China’s outlook is also improving thanks to stimulus packages. These changes present unique opportunities for investors. Allocators are asking how to capitalize on these opportunities and what they could mean for APAC Asset Owners’ alternatives portfolios. Experts will discuss their perspectives on the economies of the U.S., Japan, and Korea.
Moderator:
- Sam Y. Chung, Head, AIF APAC
Panelists:
- Torsten Slok, Partner and Chief Economist, Apollo Global Management
(U.S. Economy) - Seok Gil Park, Chief Korea Economist, J.P. Morgan (Korean Economy)
10:50 a.m.–12:00 p.m.
Pension Fund CIO Roundtable: Portfolio Construction under Current Macro Environment
Despite market rebounds, the end of low interest rates and uncertain outlooks are causing fundamental discussions about long-term asset allocation. Key questions for asset allocators include liquidity, the role of alternatives, risk parity, and meeting return targets.
- How will sustained higher interest rates affect alternatives’ performance?
- Will geopolitical issues lead to more localized portfolio construction?
- Will rate cuts end the deal drought in alternative asset classes, and how will they change strategic allocation?
- Where should allocators invest to minimize macroeconomic risk?
Moderator:
- Brant Maller, Founder and CEO, AIF Global
Roundtable Participants:
- Jang Huh, CIO, Public Officials Benefit Association (POBA)
- Thomas Kim, Deputy CIO, Maryland State Retirement Agency
- Chang Lee, Head of OCIO, Senior Managing Director, NH Investment & Securities
- Jisun Yoon, CIO, MG Community Credit Cooperatives
12:00–1:30 p.m.
Luncheon CIO Fireside Chat
- Yup Kim, CIO, Texas Municipal Retirement System (TMRS)
- Sam Y. Chung, Ph.D., Head of AIF APAC
Japanese Economy Update: The Macro Economy and Geopolitical Issues Related to Trump 2.0
- Tomochika Kitaoka, Chief Japan Equity Strategist, Nomura
1:30–2:40 p.m.
Private Equity Roundtable
- Given the major changes to the asset class, how should private equity adapt its offerings?
- Have valuations bottomed out, or is there further room to fall?
- Has the era of multiple expansions ended? If so, what will take its place?
- US vs the rest of the world: Where are APAC investors seeking to increase their allocation?
- To what extent is private equity used to access emerging market growth, as opposed to index allocations?
Session Leader:
- Thomas Kim, Deputy CIO, Maryland State Retirement Agency
Session Participants:
- Paul Hahn, Senior Director, Private Equity Group, Korea Investment Corporation (KIC)
- Haesung Kim, Part Leader, Investment Team Equity Part, Tongyang Life
- Rachel Kim, Investment/Portfolio Manager, AIA Life Korea
- Jeryang Lee, Head of Alternative Investment Division, Shinhan Life Insurance (OCIO)
- Lisa Lee, Managing Director, PSG Equity
- Loy Song, Head of Private Market Investment Team, Government Employees Pension Service (GEPS)
- Gabrielle Rubenstein, Co-Founder and Managing Partner, Manna Tree
- Gikyun Wang, Managing Director, TPG
2:50–3:30 p.m.
Private Credit Roundtable I
Competition and growth in public leveraged loan markets are making it difficult for private credit to attract investment. Despite this, is the investment trend strong enough to overcome these challenges, and what do APAC investors think about investing in private credit?
Session Leader:
- Jeryang Lee, Head of Alternative Investment Division, Shinhan Life Insurance (OCIO)
Roundtable Participants:
- Alex Cha, Partner and Co-CIO, 400 Capital Management
- Jeff Jacobs, Partner & CIO, Insurance Solutions Group, Apollo Global Management
- Kyle Jeffers, CIO, ACORE Capital
- Youngho Kim, Portfolio Manager, Private Credit Team, National Pension Service (NPS)
- Taehyung Kim, Head of Alternative Investment, Fubon Hyundai Life Insurance
- Chorong Lee, Senior Manager of Corporate Investment Department, Yellow Umbrella Mutual Aid Fund
- Younggil Oh, Head of Credit & Securitized Product Team, Bank of Korea (BOK)
- Loy Song, Head of Private Market Investment Team, Government Employees Pension Service (GEPS)
3:30–4:10 p.m.
Private Credit Roundtable II
Session Leader:
- Jeryang Lee, Head of Alternative Investment Division, Shinhan Life Insurance (OCIO)
Session Participants:
- Ryan Ahn, Manager, Investment Team, TongYang Life Insurance
- Yoonchan Um, Senior Director, Korea Post Insurance
- Taehyeon Kim, Manager, Credit Team, Public Officials Benefit Association (POBA)
- Rachel Kim, Investment/Portfolio Manager, AIA Life Korea
- Sylvia Owens, Partner, Kennedy Lewis Investment Management
- Yingying Tan, Managing Director, Goldman Sachs Asset Management
4:20–5:10 p.m.
Special Topic Discussion: South Korea’s National Pension Service Reform
The reference portfolio is a key part of managing pension funds today. It provides a
straightforward way of dividing up investments based on how much risk the fund
can handle and its investment goals. The NPS’ consideration of this framework
reflects a commitment to robust governance and strategic investment planning.
- Adopting the reference portfolio
- Pension fund management governance
- Performance and risk evaluation
Moderator:
Woojin Kim, Professor of Finance, Seoul National University
Panelists:
- Sam Y. Chung, Ph.D., Head of AIF APAC, AIF Global and the AIF Institute
- Seokhoon Han, Chair, Investment Policy Committee, National Pension Service (NPS)
- Wangkun Shin, Chair, Risk Management & Performance Evaluation Committee, National Pension Service (NPS)
- Hyup Son, Head, Investment Strategy Division, National Pension Service (NPS)
- Chonghyun Won, Chair, Fiduciary Committee, National Pension Service (NPS)
5:10–6:00 p.m.
Day One Reception at Westin Josun
Wednesday, April 2
8:30–9:00 a.m.
Registration
9:00–9:10 a.m.
Day Two Remarks
- Sam Y. Chung, Ph.D., Head of AIF APAC, AIF Global and the AIF Institute
- Brant Maller, Founder and CEO, AIF Global and the AIF Institute
9:10–9:40 a.m.
Day Two Welcome Remarks
- Seungmo Kim, CIO, Korea Post Insurance
- Chulkyung Ahn, President, Korea Insurance Research Institute (KIRI)
Day Two Keynote Speech
- Hoon Lee, CIO, Korea Investment Corporation (KIC)
9:50–10:50 a.m.
Special Session: Challenges of Retirement Saving Systems in the APAC Region
Retirement saving systems in the APAC region face several challenges due to demographic shifts, economic conditions, and structural inefficiencies.
- Incentivize higher pension participation and auto-enrollment
- Improve financial literacy for retirement planning
- Enhance pension fund investment strategies
- Implement sustainable pension reforms
Moderator:
- Richard Cantor, Vice Chairman, Moody’s Investor Service
Panelists:
- Sungho Kang, Head of Aging Research Center, Korea Insurance Research Institute (KIRI)
- Chaewoo Nam, Senior Researcher, Korea Capital Market Institute (KCMI)
- John Walker, Former Chairman, Macquarie Group of Companies, Korea and Former Chairman, Macquarie Capital, Asia
11:00 a.m.–12:00 p.m.
Insurance CIO Roundtable
- Preparing for the New regulations (IFRS 17 and Solvency II)
- Keeping or tilting alternative investments
- Overheating or continuing alternatives
- Diversifying to liquid alternatives
- Considering geopolitical risks
Session Leader:
- Jeff Jacobs, Partner and CIO, Insurance Solutions Group, Apollo Global Management
Roundtable Participants:
- Jiyong Ahn, CIO, Shinhan Life Insurance
- Seongbae Hwang, CIO & Vice Chairman, DB Life Insurance Asset
- Minsik Shin, CIO, Hanwha Life Insurance
- Raviv Shtaingos, Managing Director and Group Head of Securitized Credit, ORIX-USA
12:00–1:30 p.m.
Luncheon Fireside Chat
- Justin Muzinich, Former United States Deputy Secretary of the Treasury and CEO, Muzinich & Co. (Virtual)
Interviewed By:
- Sam Y. Chung, Ph.D., Head of AIF APAC
1:30–2:40 p.m.
Real Estate Roundtable
High interest rates and increasing demand for unconventional properties create opportunities for real estate investors with available capital. However, investors with limited funds face challenges due to distressed assets and market changes.
Session Leader:
- Junghun Um, Vice President, Aksia
Session Participants:
- Andrew Coop, Managing Director, Starwood Capital Group
- Aaron Dong, Senior Manager of IACI Fund Alternative Investment Team, Fund of the Ministry of Employment and Labor (Samsung Asset Management)
- Warren De Haan, CEO and Founding Managing Partner, ACORE Capital
- Sangwook Kang, Senior Director, Real Estate Group, Korea Investment Corporation (KIC)
- David Kim, Head of Real Estate Platform Investment Team, National Pension Service (NPS)
- Eui-kyung Kim, Head of Alternative Investment Team, DongYang Life Insurance
- Steven Joongho Kwon, Head of Global Investment Division / Head of Global Multi-Manager Strategy, Samsung SRA
- Alicia Li, Product Specialist, PIMCO
- David Schwartz, CEO, Waterton
- Harry Song, Head of Overseas Real Estate Investment Team, Public Officials Benefit Association (POBA)
2:50–4:00 p.m.
Infrastructure Roundtable
- Examining the performance of assets against expected benchmarks
- Strategies for LPs to mitigate political and business risks in major Asian infrastructure investments
- The impact of infrastructure allocation on liquidity in a tight market
- Identifying subsectors with optimal risk-adjusted returns
Session Leader:
- Donghun Jang, Former CIO, Public Officials Benefit Association (POBA)
Session Participants:
- Sengwhan Cha, Head of Infrastructure Capital Solution Team, National Pension Service (NPS)
- Jake Lee, Head of Infrastructure, Hyundai Marine and Fire Insurance
- Ravi Parekh, Managing Director, GCM Grosvenor
- Soonhyung Park, Team Leader of Investment Analysis Team, TongYang Life Insurance
- Robert Shaw, Managing Director, Private Infrastructure Strategies, CBRE Investment Management
- Dongwoo Shin, Senior Director, Korea Post Insurance
4:10–5:10 p.m.
Special Topic Discussion: The Rapid Growth of the Private Wealth Channel and its Impact on Institutional Investors
Moderator:
- Hongrae Cho, Vice Chairman, Korea Investment Management (KIM)
Panelists:
- Jungik Cho, Head, AI Solution Team, Mirae Asset Securities
- Heeseok Kim, Former Head of Investment Strategy, National Pension Service (NPS)
- Francis Park, Head of Retail Solutions, Samsung Securities
- Sunyoung Park, Associate Professor of Department of Economics, Dongguk University
- Gabrielle Rubenstein, Co-Founder and Managing Partner, Manna Tree Partners
- Jihong Park, CEO & CIO, GVA Asset Management
5:00 p.m.
2025 AIF Global APAC Annual Investors’ Meeting Concludes
2025 AIF APAC Annual Investors' Meeting Participant List
Investor, Consultant and Finance Academic Participants
AIA Life Insurance
Michael Baek, CIO
Seunghee Kim, Investment Portfolio Manager
Aksia
Junghun Um, Vice President
Bank of Korea (BOK)
Sungwhan Shin, Member, Monetary Policy Board
Youngsoo Oh, Strategy Team Head, Foreign Reserve Management
Younggil Oh, Head of Credit & Securitized Product Team
DB Life Insurance Asset
Seongbae Hwang, CIO and Vice Chairman
Fubon Hyundai Life Insurance
Taehyung Kim, Head of Alternative Investment
Fund of the Ministry of Employment and Labor (Samsung Asset Management)
Aaron Dong, Senior Manager of IACI Fund Alternative Investment Team
Government Employees Benefit Association (GEPS)
Loy Song, Head of Private Market Investment Team
Hana Insurance
Changwon Lee, Team Leader of Asset Management Team
Hanwha Life Insurance
Minsik Shin, CIO
Daewon Kim, Head of Private Equity Team
Hyundai Marine and Fire Insurance
Jake Lee, Head of Infrastructure
Korea Capital Market Institute (KCMI)
Chaewoo Nam, Senior Researcher
Korea Financial Investment Association
Yoo-seok Seo, Chairman and CEO
Korea Insurance Research Institute (KIRI)
Chulkyung Ahn, President
Sungho Kang, Head of Aging Research Center
Korea Investment Corporation (KIC)
Il Young Park, CEO and Chairman
Hoon Lee, CIO
Paul Hahn, Senior Director, Private Equity Group
Sangwook Kang, Senior Director, Real Estate Group
Korea Investment Management (KIM)
Hongrae Cho, Vice Chairman
Korea Post Insurance
Seungmo Kim, CIO, Insurance Division
Dongwoo Shin, Senior Director
Yoonchan Um, Senior Director
Liberty Mutual Investments
Won Jae Jung, Director, Global Strategy & Capital Allocation
Maryland State Retirement Agency
Thomas Kim, Deputy CIO
Mercer
Elizabeth Oh, Principal & Head of Investments Advisory-Korea
MG Community Credit Cooperative (MG)
Jisun Yoon, CIO
Ministry of Health & Welfare (Republic of Korea)
Ki-Il Lee, 1st Vice Minister
National Agricultural Cooperative Federation
Yoon Seok Oh, Private Equity Team Leader
National Federation of Fisheries Cooperatives
Yoonsuk Oh, Senior Manager of Alternative Investment team
National Pension Service (NPS)
Taehyun Kim, CEO
Seokhoon Han, Chair, Investment Policy Committee
Wang-Gun Shin, Chair, Investment Policy Committee, National Pension Service (NPS)
Chonghyun Won, Chair, Risk Management Committee
Youngho Kim, Portfolio Manager, Private Credit Team
David Kim, Heads of Real Estate Platform Investment Team
Sengwhan Cha, Head of Infrastructure Capital Solution Team
ORIX-USA
Raviv Shtaingos, Managing Director and Group Head of Securitized Credit
Public Officials Benefit Association (POBA)
Jang Huh, CIO
Chanwoo Lee, Private Credit Team
Harry Song, Head of Overseas Real Estate Investment Team
Samsung Fire & Marine Insurance
Wonseok Koo, Head of Alternative Investment Team
Jiwon Park, Investment Manager
Samsung SRA
Steve Joongho Kwon, Head of Global Investment Division/Head of Global Multi-Manager Strategy
Seoul National University
Woojin Kim, Professor of Finance
Texas Municipal Retirement System
Yup Kim, CIO
TongYang Life Insurance
Ryan Ahn, Manager, Investment Team
Eui-kyung Kim, Head of Alternative Investment Team
Haesung Kim, Equity Investment Team
Soonhyung Park, Team Leader of Investment Analysis Team
Yellow Umbrella Mutual Aid Fund
Chorong Lee, Senior Manager, Corporate Investment Department
