KB Securities Implements Organizational Restructuring Including Establishment of 'ESG Committee'

Strengthening Core Competencies by Biz with a Customer-Centric Approach
Focusing on Enhancing ESG Management Systems and Internal Control Capabilities

[Asia Economy Reporter Oh Ju-yeon] KB Securities announced on the 29th that it has carried out an organizational restructuring. This restructuring focused on strengthening core competencies by business division centered on customers in line with KB Securities' mid- to long-term strategy, as well as enhancing risk review and internal control functions to protect financial consumers. Additionally, it is notable that an 'ESG Committee' was newly established under the board of directors to strengthen the ESG management system.

According to the organizational restructuring disclosed by KB Securities on the same day, a 'CPC Strategy Department' was newly established directly under the WM General Headquarters to systematize WM customer strategies and provide customized total financial solutions tailored to the financial needs of different customer groups. Furthermore, to expand the provision of high-quality investment services to non-face-to-face customers and strengthen the competitiveness of the investment platform, the organizational functions of M-able Land Tribe and the Prime Center were enhanced.

The Prime Center provides the 'Prime Club' service, an asset management service for non-face-to-face customers, and to expand functions such as investment information provision through videos, the 'Prime Investment Content Team' was strengthened. Additionally, the 'Prime PB Team' was reinforced to expand non-face-to-face customer consultation services. The Prime Club service is currently thriving with over 70,000 subscribers.

The IB division plans to further strengthen its IB business portfolio by establishing a 'PE Business Headquarters' to respond to the expected expansion of corporate restructuring business after COVID-19. The WS division changed its name to the 'Institutional Sales Division' to solidify the representative RM role for institutional investors and reorganized its structure into the Active Sales Headquarters, Passive Sales Headquarters, and International Sales Headquarters, focusing on business division functions. Moreover, to enhance sales and marketing competitiveness related to the new growth business OCIO, the OCIO Marketing Team was expanded and reorganized into the 'OCIO Sales Department.'

To protect financial consumers and ensure the stable supply of financial investment products, the risk review function was strengthened, and a related organization for proactive internal control was newly established. The existing Risk Review Department was expanded and reorganized into the 'Risk Review Headquarters,' and specialized review departments related to corporate finance and alternative investments were newly established under it, further strengthening the professional review system not only for proprietary assets but also for financial investment products related to WM customers (alternative investments).

Additionally, the 'Internal Control Innovation Department' was newly established to actively promote comprehensive inspections and proactive improvements from an enterprise-wide perspective.

KB Securities established the ESG Strategy Team within the Strategy Planning Department last October to efficiently link company-wide management strategy and ESG management, and newly established the 'ESG Committee' (under the board of directors), a decision-making body for company-wide ESG-related strategies and policies. To strengthen the provision of investment strategies through ESG analysis, the 'ESG Solutions Team' will also be newly established within the Research Center, accelerating the systematic promotion of ESG management through the strengthening of the ESG organizational system.

A KB Securities official stated, "This organizational restructuring focused on strengthening organizational capabilities by business division centered on customers, as well as enhancing ESG management systems and internal control innovation functions to further strengthen trust and social responsibility toward customers. Through this, we will further enhance trust and competitiveness as a financial investment company that provides optimal investment solutions to customers."

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