Shinhan Financial Group Reappoints Lee Young-chang, Kim Hee-song, Bae Il-gyu, and Bae Jin-soo... First Female CEO Emerges (Update)

Holding the Self-Governance Committee... 4 Recommended for Reappointment, 6 CEO Replacements

[Asia Economy Reporter Kwangho Lee] Shinhan Financial Group announced on the 16th that it held a Subsidiary Management Committee (Ja-gyeong-wi) and an extraordinary board meeting, appointing six new candidates for subsidiary Chief Executive Officer (CEO) positions and recommending the renewal of four others.

First, President Lee Young-chang, who has led Shinhan Investment Corp. since March last year, was recommended for a one-year renewal. President Lee was recognized for his achievements in strengthening the organization through internal control system improvements and organizational and personnel restructuring.

Shinhan Asset Management, which will transform into a comprehensive asset management company through integration with Shinhan Alternative Investment early next year, will introduce a dual CEO system divided into two sectors: 'traditional assets' and 'alternative assets.'

For the traditional assets sector, former KB Asset Management CEO Jo Jae-min, with 20 years of experience, was newly appointed. Kim Hee-song, the current CEO of Shinhan Alternative Investment, was recommended for renewal as head of the alternative assets sector of the integrated asset management company.

Shinhan REITs Management appointed Kim Ji-wook, Vice President of Shinhan Investment Corp. and recognized as the next-generation IB leader within the group, as the new CEO.

Additionally, in the capital markets sector, Asia Trust and Shinhan AI were acknowledged for their continuous growth based on expertise, leading to the renewal of Presidents Bae Il-gyu and Bae Jin-su.

Shinhan DS, a digital and ICT specialized company, named Jo Kyung-sun, Vice President of Shinhan Bank and the group's first female CEO, as its head. Vice President Jo is noted for her extensive experience in customer marketing and business process improvement using digital technology, having served as head of the bank’s Digital Personal Division. She is a member of Shinhan Bank’s first recruitment class and completed the first course of 'Shinhan She-roes,' the financial sector’s first female leader development program.

The terms of the recommended executives will begin on January 1, 2022. The subsidiary CEO candidates nominated by the Subsidiary Management Committee will undergo verification of qualifications and suitability by each subsidiary’s Executive Candidate Recommendation Committee, followed by final appointment at each company’s shareholders’ meeting and board of directors.

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