NH Investment & Securities Holds 'Leaders Conference' to Achieve Business Goals

For Former Executives and Department/Branch Managers... This Year’s Event Transforms into an External Lecture-Focused Program Unlike Last Year

Jung Young-chae, President of NH Investment & Securities (left), is explaining management strategies to former executives and department/store managers at the '2020 Leaders Conference' held on the 9th at the 63 Convention Center in Yeouido, Yeongdeungpo-gu, Seoul. (Photo by NH Investment & Securities)

[Asia Economy Reporter Kum Boryeong] NH Investment & Securities held a Leaders Conference for all executives and branch/managers to achieve this year's business goals.

NH Investment & Securities announced on the 10th that it held the Leaders Conference on the 9th at the 63 Convention Center in Yeouido, Yeongdeungpo-gu, Seoul. The Leaders Conference is an event to cultivate leadership and share management strategies to achieve this year's business goals.

At the event, Jung Young-chae, CEO of NH Investment & Securities, emphasized, "The most important thing for a company is sustainability, which also means customers. We believe we are well prepared by implementing process value," adding, "Let's lead the company well together this year with rational thinking and rational judgment."

This year's event changed from the previous year’s format. Until now, NH Investment & Securities held a 'Goal Achievement Resolution Meeting' at the beginning of each year, gathering executives and branch/managers nationwide to share company management strategies and present numerical targets for goal achievement. However, starting this year, according to CEO Jung’s intention, the event was reborn as an external lecture-focused event to share domestic and global economic outlooks and industry environment changes, and to cultivate leadership among employees.

This aligns with last year’s change when NH Investment & Securities became the first in the industry to shift the evaluation criteria for branch private bankers (PBs) from the existing financial performance-centered Key Performance Indicators (KPIs) to an activity-centered evaluation system based on 'customer value.' It means that rather than focusing on immediate performance, satisfaction and loyalty toward financial companies increase only when meeting customers, directly listening to their needs, and researching solutions. NH Investment & Securities’ approach is gaining industry attention as issues with the existing performance compensation system and internal control system in the financial sector have become prominent following the derivative-linked fund (DLF) incident in the banking sector.

The change to an innovative evaluation method also positively impacted NH Investment & Securities’ business performance. According to NH Investment & Securities, as of the third quarter of last year, net profit reached 359.8 billion KRW, already surpassing the 2018 annual net profit of 349.8 billion KRW.

Meanwhile, the event proceeded with a lecture by Professor Kwak Soo-jong of George Mason University Korea titled "2020 Global World Economy and Korean Economy Outlook," followed by a lecture by Choi Soon-young, Research Fellow at the Korea Capital Market Institute, titled "Ten Years After the Global Financial Crisis: Transformation of Major Investment Banks," and a classical music lecture by Special Professor Jang Il-beom of Seoul Cyber University.

This content was produced with the assistance of AI translation services.