Shinhan Financial Investment, Record High Performance Under CEO Lee Young-chang's Leadership 'Once Again'

Private Equity Fund Crisis Management and Record-Breaking Performance Results

[Asia Economy Reporter Minji Lee] Lee Young-chang, CEO of Shinhan Financial Investment, has succeeded in securing a second term, recognized for solid performance and organizational reform achievements.

According to the financial investment industry on the 17th, Shinhan Financial Group held a subsidiary management committee (Ja-gyeong-wi) and an extraordinary board meeting the previous day, deciding on the reappointment of Lee Young-chang as CEO of Shinhan Financial Investment. Lee will be finally appointed at the shareholders' meeting and board of directors after verification of qualifications and suitability by the executive candidate recommendation committee. The term is one year, starting from January 1, 2022.

Appointed in March last year, CEO Lee was recognized for achievements such as organizational and personnel reform leading to structural improvement and the maintenance of internal control systems during his tenure. Handling the losses from various private equity funds like Lime, restoring customer trust that had hit rock bottom, and strengthening the Financial Consumer Protection Headquarters to protect investors were considered key factors in the decision to renew his term.

Performance has also improved noticeably. Shinhan Financial Investment recorded a cumulative net profit of 367.5 billion KRW up to the third quarter this year, which is about double the performance of the same period last year (184.6 billion KRW).

Meanwhile, CEO Lee Young-chang was born in 1961 and joined Daewoo Securities in 1988, having served as head of Daewoo Securities Management Support Headquarters and CEO of KDB Daewoo Securities WM Business Division.

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