New Busan Bank President An Gam-chan, Gyeongnam Bank President Choi Hong-young (Comprehensive)

New Leadership Following Resignation of Bank Presidents Bindaein and Hwang Yoon-cheol
Focus on Change and Innovation Over Stability and Management

An Gam-chan (left), newly appointed President of Busan Bank, Choi Hong-young, newly appointed President of Gyeongnam Bank

[Asia Economy Reporter Kim Hyo-jin] An Gam-chan (58), the vice president of Busan Bank, has been appointed as the next president of Busan Bank. Choi Hong-young (59), the vice president of Gyeongnam Bank, has been selected as the new president.

BNK Financial Group's main affiliates, Busan Bank and Gyeongnam Bank, held their regular shareholders' meetings on the morning of the 25th and appointed Vice Presidents An and Choi as presidents for a two-year term. The term begins next month.

An Gam-chan, the new president who graduated from Hongcheon High School in Gangwon Province and Busan National University, joined Busan Bank in 1989 and has served as head of the Northern Sales Headquarters, head of the Management Planning Headquarters, head of the Marketing Headquarters, and head of the Credit Operations Group.

Choi Hong-young, the new president, graduated from Masan Yongma High School (formerly Masan Commercial High School) and Ulsan University, and joined Gyeongnam Bank in 1989. He has held positions such as Chief Financial Consumer Protection Officer, head of Ulsan and Seoul Sales Headquarters, head of Group Management Support Division at BNK Financial Group, and head of the Credit Operations Group.

The executive candidate recommendation committees of each bank recommended them as final candidates to the board of directors after considering interview evaluations and reputation checks, and the board approved the appointments.

In the financial sector, there were initially voices predicting the reappointment of the current Busan Bank president Bin Dae-in and the current Gyeongnam Bank president Hwang Yoon-chul. Although last year's performance was somewhat sluggish, considering the impact of COVID-19, it was difficult to evaluate based solely on surface numbers, and rather, more stable management capabilities were considered important.

Since Kim Ji-wan, chairman of BNK Financial Group, still has two years left in his term, there was also a view that stability would be emphasized over rapid change.

However, with Presidents Bin Dae-in and Hwang Yoon-chul stepping down in a retirement format and new leadership taking over, it is expected that both banks will accelerate management and business innovation going forward.

Lee Doo-ho, CEO of BNK Capital, and others reappointed

Lee Doo-ho, CEO of BNK Capital, Sung Myung-hwan, CEO of BNK Savings Bank, and Lee Yoon-hak, CEO of BNK Asset Management, have all been reappointed. Their terms are one year.

BNK Financial Group explained, "With a newly formed lineup through a one-shot appointment of CEOs of major affiliates, we will actively support regional economic revitalization based on leadership for change and innovation and further enhance shareholder value."

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