Shinhan Bank Appoints 8 New Executive Vice Presidents as "Next-Generation Leadership for Future Innovation"

Appointment of Next-Generation Executives for Sustainable Growth Foundation and Future Innovation
Reduction of Executive Position System for Responsible Management and Horizontal Communication
Selection of Optimal Candidates by Job Considering Job Expertise, Leadership, and Future Competencies

Shinhan Bank Executive Personnel Appointment

[Asia Economy Reporter Kangwook Cho] Shinhan Bank announced on the 24th that it held a board meeting at its headquarters located on Sejong-daero, Jung-gu, Seoul, and carried out executive personnel changes, including the appointment of eight new deputy presidents.

At the board meeting, to promote a stable generational transition by selecting young and capable management leaders and to strengthen the driving force for future core businesses through responsible management, experts in various fields such as digital, global, GIB, brand, and management support were newly appointed as division heads and group leaders.

In addition, to respond stably to risks surrounding the financial industry such as domestic and international economic recessions and intensified internal and external uncertainties, the board decided to renew the terms of executives who demonstrated outstanding leadership in compliance, risk management, and financial consumer fields, thereby reinforcing stability in key areas.

In particular, the management position system, which was previously operated in three stages?deputy president, deputy vice president, and managing director?was reduced to two stages: deputy president and managing director. This institutional arrangement allows deputy president-level executives to practice responsible management for each group, while activating horizontal communication among executives to speed up internal decision-making and strengthen execution power in business promotion.

Deputy President Jung Sang-hyuk, appointed as head of the Management Planning Group, oversees the bank’s strategic planning including strategy and finance, and possesses a balanced perspective and business insight based on field experience.

Deputy President Jeon Pil-hwan, appointed as head of the Digital Group, showed excellent performance in related fields, including establishing the digital subsidiary SBJ DNX during his tenure as vice president of SBJ Bank and exporting banking systems to local banks in Japan.

Deputy President Choi Ik-seong, appointed as head of the Trust Group, has the ability to set the direction of sales and lead rational execution based on extensive experience covering both sales sites and headquarters.

Deputy President Jung Yong-wook, appointed as head of the Management Support Group, is highly regarded for his deep understanding of overall bank management including HR and sales, as well as his communication skills and leadership.

Deputy President Han Yong-gu, appointed as head of the Sales Group, was responsible for the One Shinhan strategy during his tenure as head of the holding company headquarters and possesses expertise in overall sales strategy and promotion.

The term of the newly appointed executives begins on January 1 of next year.

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