Korean pension giant National Pension Service (NPS) and Germany’s Allianz Global Investors plan to form a strategic partnership to share asset management expertise spanning across all asset classes.
They also intend to hold strategic discussions on global financial markets, and promote investor education, training programmes and talent exchange.
Allianz Global Investors announced the signing of a memorandum of understanding for the tie-up with the world’s third largest pension fund in a statement on March 13.
“This agreement marks the NPS’s first enterprise-wide global strategic partnership, extending beyond its previous cooperations with individual asset managers to encompass all asset classes within a unified framework,” the company says.
The asset manager also announced it had opened an office in Jeonju, where the NPS’s headquarters is based. The city is located 240 kilometres south of Seoul, Korea’s capital.
The NPS had more than US$942.8 billion of assets under management as of end-2025.
Munich-based Allianz Global Investors manages around 562 billion euros ($660 billion) of assets.
