Hanwha Investment & Securities Value Management appoints Lee Seok-ro as new CEO... Korea Financial Group conducts regular personnel reshuffle

Lee Seok-ro, the new CEO of Korea Investment Value Asset Management (left), and Hwang Man-soon, the new CEO of Korea Investment Partners

[Asia Economy Reporter Koh Hyung-kwang] Lee Chae-won, known as the 'first-generation value investor in Korea,' resigned from his position as CEO of Korea Investment Value Asset Management. He was succeeded by Lee Seok-ro, Vice President of Korea Investment Trust Management, while Hwang Man-soon, Chief Investment Officer (CIO), was appointed as CEO of Korea Investment Partners.

Korea Financial Group announced on the 16th that it will implement organizational restructuring and regular executive appointments for its affiliates effective January 1 next year. The successor to Lee Chae-won, CEO of Korea Value Asset Management, who recently expressed his intention to resign, was chosen as Lee Seok-ro, Vice President of Korea Investment Trust Management. The newly appointed CEO Lee Seok-ro joined the former Dongwon Securities in 1988 and has been with Korea Investment Financial Group for over 30 years. He has played key roles at major turning points for the group, including mergers, serving as Managing Director of Korea Investment Financial Group’s Management Support Office, Executive Director of Korea Investment Securities’ Corporate Planning Headquarters, and Chief Operating Officer (Vice President) of Korea Investment Trust Management.

Hwang Man-soon, the new CEO of Korea Investment Partners, is a notable figure as the first case of a pharmacist transforming into a bio-investment venture capitalist. After working at Korea Bio Technology Investment in 2001, he joined Korea Investment Partners in 2009 and has successfully managed investments in bio companies such as ABL Bio and LegoChem Biosciences, as well as global pharmaceutical business development PEFs and the Korea Investment Re-Up Fund.

Korea Investment Securities promoted Bae Young-gyu to Executive Director and Head of the IB Group, along with promotions of Cho Won-ho to Managing Director of the Central PB Headquarters, Kwon Moon-kyu to Managing Director of the Financial Center Headquarters, and Bang Chang-jin to Managing Director of the PF1 Headquarters. Additionally, Yoo Jong-woo was appointed as the new Head of the Research Center.

Meanwhile, alongside this regular personnel reshuffle, Korea Investment Securities also carried out organizational restructuring to strengthen sales competitiveness, enhance operational expertise, and establish a platform business system. To reinforce the platform business, the existing eBiz Headquarters’ planning and development teams and the MINT (Mobile Investment) department were merged into the 'Digital Platform Headquarters,' which reports directly to the CEO. Furthermore, new departments were established: the IB Strategy Consulting Department for IB group strategy formulation, synergy, and content enhancement; the M&A Acquisition Finance 3 Department to strengthen M&A and governance restructuring sales capabilities; the Development Finance and Project Finance departments for PF investments; and an Alternative Investment department. To strengthen risk management, an Investment Management Department was created for post-management of investment assets, and a Consumer Support Department was established to enhance consumer protection duties in accordance with the Financial Consumer Protection Act scheduled to take effect in March next year.

Below are the details of the regular executive appointments for the Korea Financial Group.

◇ Promotions

▲ Executive Director, Head of Management Support Office: Yoon Hyung-jun

◇ New Appointments

▲ Managing Director, Head of Management Control Office 2: Vincent Andrew James ▲ Managing Director, Head of Strategic Planning: Yoon Hee-do

◇ Promotions

▲ Executive Director, Head of IB Group: Bae Young-gyu ▲ Managing Director, Head of Central PB Headquarters: Cho Won-ho ▲ Managing Director, Head of Financial Center Headquarters: Kwon Moon-kyu

▲ Managing Director, Head of PF1 Headquarters: Bang Chang-jin ▲ Deputy Managing Director, Head of Yeongnam PB2 Headquarters: Lee Sang-guk ▲ Deputy Managing Director, Head of Research Center: Yoo Jong-woo

◇ Transfers

▲ Executive Director, Head of Investment Solutions Headquarters: Lee Joon-jae ▲ Deputy Managing Director, Head of Yeongnam PB1 Headquarters: Lee Chang-ho

◇ New Appointments

▲ Executive Director, Head of Investment Products Headquarters: Yang Hae-man ▲ Deputy Managing Director, Head of Digital Platform Headquarters: Choi Seo-ryong ▲ Deputy Managing Director, Head of PB Strategy Headquarters: Kim Do-hyun

▲ Deputy Managing Director, Head of PB2 Headquarters: Park Jae-hyun ▲ Deputy Managing Director, Head of Honam PB Headquarters: Lee No-jung

▲ Deputy Managing Director, Head of IB3 Headquarters: Kim Sung-chul

◇ Promotions

▲ Executive Director, COO (Chief Operating Officer): Park Kyung-sun

◇ New Appointments

▲ Managing Director, Head of Corporate Planning: Jo Jun-hwan

◇ New Appointment

▲ CEO: Lee Seok-ro

◇ Promotion

▲ Deputy Managing Director, Head of Asset Management Headquarters (CIO): Jang Hyun-jin

◇ New Appointment

▲ CEO: Hwang Man-soon

◇ Promotions

▲ Executive Director, CIO (Chief Investment Officer): Kim Dong-yeop ▲ Managing Director, Head of Investment Group 2: Park Min-sik

◇ Promotion

▲ Managing Director, Head of Sales Headquarters: Lee Yong-seok

◇ Promotion

▲ Managing Director, Head of Trust Business 2 Headquarters: Kim Shin-yeol

◇ New Appointment

▲ Deputy Managing Director, Head of Management Support Headquarters: Son Hae-won

◇ Promotions

▲ Managing Director, Head of Sales 2 Headquarters: Lee Ki-chan ▲ Deputy Managing Director, Head of Sales 3 Headquarters: Kim Sang-pil

◇ Transfers

▲ Vice President, Head of Sales 1 Headquarters: Cho Sung-yoon ▲ Deputy Managing Director, Head of Sales 4 Headquarters: Jung Yong-hyuk

◇ New Appointment

▲ Managing Director, Head of Retail Business Headquarters: Jeon Chan-woo

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