Hyundai Motor Securities' Organizational Restructuring Focuses on 'Digital Innovation and Strengthening Consumer Protection'

[Asia Economy Reporter Ji-hwan Park] Hyundai Motor Securities announced on the 1st that it has undergone an organizational restructuring to respond to digital transformation and strengthen financial consumer protection.

Hyundai Motor Securities integrated the asset management divisions, previously divided into retail and wholesale, into the Channel Headquarters. The existing WM Business Division and Product Strategy Division were merged into the Retail Business Division under the Channel Headquarters.

A Hyundai Motor Securities official stated, "Integrated asset management covering both individual and corporate clients has become possible," adding, "We expect this organizational restructuring to enhance our ability to respond to diverse customer demands in the ultra-low interest rate environment."

Hyundai Motor Securities decided to consolidate digital tasks that were scattered across business divisions. A new 'Digital Solutions Office' overseeing digital tasks in the asset management division was established under the Retail Business Division of the Channel Headquarters. The Digital Solutions Office will operate as an Agile organization to quickly respond to changes in the digital environment.

To strengthen consumer protection, a Consumer Protection Office directly under the CEO was also established. The company plans to enhance the expertise of the asset management organization and expand the functions of the Research Center. The Strategic PI Office will be placed directly under the CEO, with a Bond Management Team under it to strengthen asset management expertise. A Global Research Team will be newly established within the Research Center to expand the provision of overseas stock investment information and support services such as overseas stock investment sales.

A Hyundai Motor Securities official said, "We will actively respond to the rapidly changing financial environment centered on digital and non-face-to-face channels and establish a system to implement consumer protection," adding, "We will grow into a trusted securities company for our customers through this organizational restructuring."

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