Separate Asset Manager Screening... ShinGeumTu Significantly Strengthens Product Review

Shinhan Financial Investment Executes Second Half Organizational Restructuring
Strengthening Product Review Function... Doubling Related Personnel and Introducing Qualitative Evaluation for Asset Management Companies

[Asia Economy Reporter Minwoo Lee] Shinhan Financial Investment, struggling with the Lime Fund redemption suspension crisis, is undertaking an organizational restructuring to enhance consumer protection. They plan to separately review upcoming products and asset management companies while significantly strengthening the post-management functions of products.

On the 2nd, Shinhan Financial Investment carried out a second-half organizational restructuring based on these points. First, to strengthen financial consumer protection, the product supply department was organized under the IPS (Investment Products and Services) headquarters to unify the product supply system and enhance the product supervision function. Accordingly, upcoming products and asset management companies will be reviewed separately, and product post-management will also be strengthened.

A Shinhan Financial Investment official explained, "Previously, asset management companies were considered as general corporations and were reviewed mainly based on quantitative and measurable aspects as counterparties. Now, we have greatly strengthened qualitative evaluation and increased the number of personnel in the supervision department from 5 to 12, more than doubling it." They will closely examine not only the simple performance of asset managers but also whether they secure operational personnel appropriate to the scale of management, the experience and tenure of compliance officers, reputation checks, and more. This is a further strengthening after promoting the product supervision team, launched in October last year as the first in the securities industry, to the product supervision department in the first half organizational restructuring. Conscious of the Lime Asset Management incident, where the fund redemption suspension scale reached 1 trillion won, they have taken steps such as voluntarily proposing compensation plans first among major securities firms in May, showing efforts to evolve.

Additionally, the hedge fund management department, trust department, and wrap management department were organized under the IPS headquarters. Through this, the IPS headquarters aims to serve as a control tower for supplying major financial products such as funds, trusts, and wraps, establishing a strict product management system. Furthermore, the Digital Business Promotion Department and DT (Digital Transformation) Promotion Team, which plan and promote digital strategies, were placed under the Digital Business Department, and the Digital Development Department, responsible for channel development tasks such as Home Trading System (HTS) and Mobile Trading System (MTS), was assigned to the Digital Business Headquarters.

A Shinhan Financial Investment official emphasized, "To establish an efficient operating system, we integrated the existing 106 departments and teams by function and reorganized them into 91 departments," adding, "This means strengthening basics and principles and building a solid organization."

The personnel changes following the organizational restructuring are as follows.

◆ Shinhan Financial Investment

▶ Retail Group Lee Seonhoon

▶ Honam Chungcheong Sales Headquarters Im Hyuk ▶ Strategic Planning Headquarters Han Ilhyun

▶ Institutional Financial Sales Department Lee Seungwon ▶Bond Sales Department Kim Jino

▶ Corporate Financial Sales Department Jin Sangdeok ▶Shinhan Financial Investment Indonesia Lee Yonghoon ▶Derivatives Sales Department Park Youngmin ▶FICC Products Department Choi Inseok

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