Korea Post Insurance seeks 2 managers for European equities

Korea Post Insurance, Seoul, is searching for two global asset managers to actively manage European equities, according to an RFP on the $45 billion insurer's website.

Interested firms must have a minimum track record of three years, and minimum assets under management in the proposed strategy of more than €440 million ($481 million).

The RFP didn't provide details on the size of the proposed mandates, and spokesmen for the firm couldn't be reached for comment. Proposals are due at 6 p.m. Korea Standard Time June 7. Final selections will be made July 12.