Lee Young-chang Appointed President of Shinhan Investment Corp... "Rapidly Restoring Customer Trust"

27-Year Veteran with Experience in Stock Brokerage, Asset Management, and IB

Lee Young-chang, CEO of Shinhan Financial Investment (Provided by Shinhan Financial Investment)

[Asia Economy Reporter Minwoo Lee] Lee Young-chang, the new CEO of Shinhan Financial Investment, took office on the 25th.

On this day, Shinhan Financial Investment announced that Lee officially assumed his position starting today.

Lee is described as a capital market veteran with 27 years of experience in the fundamentals of the securities industry, including stock brokerage, asset management, investment banking (IB), as well as planning and management. He previously served as Vice President of Daewoo Securities, and during his tenure as branch manager of Daewoo Securities Dogok-dong branch, he led the branch to become the top branch nationwide. As head of the dealing room, he achieved the highest operating profit rate compared to all securities firms' dealing rooms and domestic equity funds.

In 2009, he was also the key figure behind the creation of the Korean-style Special Purpose Acquisition Company (SPAC), a representative IB product in the domestic capital market. The Korean-style SPAC is credited with creating a new turning point in the mergers and acquisitions (M&A) market and providing new investment opportunities for investors. Additionally, during his time as head of the Wealth Management (WM) division, he transformed the existing stock brokerage-centered business structure into a comprehensive asset management system. He expanded the asset management area by recruiting professional consulting personnel in tax, accounting, real estate, and insurance fields, introduced family office services for comprehensive family management, and established the PIB Center, which integrates IB.

Lee stated, "With the diverse experience I have accumulated and the crisis management know-how gained from frontline and management support roles before and after the financial crisis, I will do my best to help Shinhan Financial Investment, which is currently facing difficulties, quickly regain customer trust." He added, "In particular, I will focus on investing intensively in enhancing employees' capabilities directly linked to customer profits to achieve ‘mutual growth of employees, customers, and the company through strengthening employee expertise.’"

Previously, former Shinhan Financial Investment CEO Kim Byung-chul announced on the 20th that he would resign from his position as CEO due to responsibility for customer losses caused by the sale of investment products such as the so-called 'Lime Fund' and German Heritage Derivative Linked Securities (DLS). This resignation comes one year after his appointment in March last year.

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