Korean central bank seeks external candidate to run reserves management

The Bank of Korea is seeking a new head of reserves management from outside of the central bank as part of an apparent attempt to bolster efficiency and foster better relations between the central bank and other market participants. This is the first time the central bank has sought an external candidate for such a position

Bank of Korea building in Seoul

The Bank of Korea is seeking to hire a new head for its reserve management division in a bid to better manage the South Korean central bank's foreign exchange reserves, a spokesperson for the central bank tells Asia Risk. As part of its efforts to improve performance, the central bank is looking to recruit externally for the post – a first for such a senior role – instead of promoting from within its own ranks.

The central bank is looking to fill the position on a three-year contract basis

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