National Pension Service signs MOU with JPMorgan Asset Management to expand cooperation across all asset classes

The National Pension Service signed an MOU with JPMorgan Asset Management on Tuesday (local time) at JPMorgan Chase headquarters in New York to establish a strategic alliance spanning all asset classes.

The agreement is designed to expand the two institutions' existing fund management relationship into a comprehensive partnership covering equities, bonds, multi-asset strategies and alternative investments.

Under the MOU, the two sides plan to exchange information and expertise on global macroeconomic and financial market trends, asset allocation, portfolio construction and risk management; strengthen research cooperation and investment capabilities across all asset classes; and explore additional areas of collaboration aligned with the National Pension Service's long-term investment objectives.

"We expect this MOU to further deepen the strategic cooperation between our two institutions," National Pension Service Chairman Kim Sung-joo said. "We will continue to enhance the expertise and investment capabilities of our fund management operations through partnerships with global financial institutions."

Meanwhile, JPMorgan Chase is a global financial conglomerate founded in 1799 that operates across investment banking, retail banking, corporate banking and asset management.

JPMorgan Asset Management manages approximately $4.8 trillion in assets as of the end of September 2026 and has managed investment assets on behalf of the National Pension Service since 2015.

Backed by a long-term commitment to the Korean market, the firm plans to open a new local office in Jeonju in 2027 to expand its domestic presence and strengthen customer support capabilities.