IBK, Organizational Restructuring Including Establishment of Innovation Finance Group... Three Deputy Governors Promoted

Innovation Finance Group Establishes Asset Management Group

[Asia Economy Reporter Kim Min-young] IBK Industrial Bank announced on the 21st that it has carried out personnel changes for vice presidents and organizational restructuring.

First, it established the Innovation Finance Group. This group is designed to proactively respond to future industries and customer changes, and to more actively support financial and non-financial services for small and medium-sized enterprises such as startup venture companies and innovative companies.

Establishment of Innovation Finance and Asset Management Groups

Under the Innovation Finance Group, there are the Innovation Finance Department, Innovation Investment Department, Startup Venture Support Department, and IBK Consulting Center.

These departments are responsible for innovation finance tasks such as ▲discovering and nurturing innovative startup companies ▲leading the venture capital market ▲establishing a comprehensive support system according to corporate growth stages ▲expanding financial support through new product development including movable collateral and crowdfunding.

Additionally, an Asset Management (WM) Group was established as a control tower for asset management.

It consists of the existing Trust Department, Custody Department, and the newly established Asset Management Strategy Department and Investment Products Department.

They are responsible for ▲establishing consistent asset management strategies ▲systematic selection and management of investment products ▲customer-tailored profit management.

The IBK Economic Research Institute was also elevated from a headquarter-level organization to the first vice president-level organization.

A Public Relations and Brand Headquarters, which oversees publicity and brand strategy, was separately established. The bank stated that it is considering recruiting external personnel to strengthen expertise.

Promotion of Three Vice Presidents

On the same day, IBK Industrial Bank also conducted promotions for three vice presidents. Their terms begin on the 23rd.

Newly appointed vice presidents include Kim Hyung-il, Head of the Global Business Headquarters, who was appointed as the head of the Innovation Finance Group. Jo Bong-hyun, Director of the IBK Economic Research Institute, was promoted from headquarter-level to vice president-level, and Jang Min-young, Head of the Gangbuk Regional Headquarters, was appointed as the head of the Risk Management Group.

Vice President Kim is evaluated to have global sensibility and planning skills, having served as head of the Global Business Department and Strategic Planning Department.

Vice President Jo is an expert in small and medium enterprises and unification policy-related fields, and is expected to play the role of a "think tank" supporting mid- to long-term strategy formulation and management decision-making.

Vice President Jang has experience across the IBK Economic Research Institute, Treasury Department, and Investor Relations (IR) departments.

Yoon Jong-won, President of IBK Industrial Bank, said, "At the beginning of my term, I presented a vision to make the bank a top-tier global financial group through innovative management based on innovation finance and sound management as two pillars." He added, "With this organizational restructuring, we have laid a solid foundation for banking management innovation and will make greater efforts to support small and medium-sized enterprises and protect financial consumers."

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