Lee Young-chang, Former Vice President of Daewoo Securities, Appointed as New CEO of Shinhan Investment Corp.
![Lee Young-chang, former Vice President of Daewoo Securities. Photo by Shinhan Financial Group [Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2020032017135133706_1584692031.jpg)
Lee Young-chang, former Vice President of Daewoo Securities. Photo by Shinhan Financial Group [Image source=Yonhap News]
View original image[Asia Economy Reporter Moon Hyewon] Shinhan Financial Group announced on the 20th that it held a Subsidiary Management Committee (hereinafter referred to as the Subsidiary Committee) meeting and recommended Lee Young-chang, former Vice President of Daewoo Securities (now Mirae Asset Daewoo Securities), as the new President of Shinhan Investment Corp.
This followed Shinhan Investment Corp. President Kim Byung-chul’s expression of his intention to resign at the board meeting that morning.
Former Vice President Lee joined Daewoo Securities in 1990 and worked there for 25 years, making him a seasoned and authentic "securitiesman" in the industry. He is recognized as a strong-willed figure who led the company through the global financial crisis by serving as Head of Planning and Head of Management Support.
A Shinhan Investment Corp. official said, “He is a remarkable figure in the industry who led retail innovation at Daewoo Securities and built the initial infrastructure for the Wealth Management (WM) business, proving his capabilities in both customer and organizational management. He will make his best efforts to minimize losses from investment products from the customers’ perspective.”
Lee is expected to be confirmed as CEO at the shareholders’ meeting after deliberation by the Shinhan Investment Corp. board.
His term will last until December 31 of next year.
Hot Picks Today
There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- Will the National Pension Service Increase Its Domestic Stock Proportion? Five-Year Asset Allocation Plan to Be Finalized on May 28
- Cerebras Soars 70% on IPO Debut: Is Nvidia's Reign Ending as a New AI Semiconductor Power Emerges?
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- Japanese Teacher Dismissed for Obscene Acts Involving Third-Grade Girl's Water Bottle
On the same day, the Subsidiary Committee recommended Han Yong-gu, Head of the Original Shinhan Strategy Team at Shinhan Financial Group, as the new Vice President of the Management Support Group. Han is highly regarded for his deep understanding of the group’s overall business as well as current issues at Shinhan Investment Corp., and for his expertise in management support.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
