Shinhan Bank Executes Organizational Restructuring Focused on 'Enhancing Execution Speed'

New Appointment of Oh Hanseop, Goddess Group Leader, and Others to Management Positions

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 29th that it has carried out an organizational restructuring focused on 'strengthening the speed of execution.'

First, it decided to create a flexible organization called a 'tribe' that is not constrained by departmental boundaries, assigning it the role of promoting key strategic tasks such as developing new apps.

The bank's internal digital innovation organization, the Digital Innovation Unit, was reorganized into the Data Planning Unit, Data Science Unit, Innovation Service Unit, and Data Platform Unit.

Additionally, a Digital Personal Division was newly established to revitalize retail banking operations centered on digital. A Shinhan Bank official said, "The tribe will be operated flexibly according to its purpose, and it is expected to strengthen the execution capability of the entire bank organization."

Shinhan Bank also carried out executive personnel changes on the same day. Executive Vice President Hanseop Oh, appointed as Head of the Credit Group, is a top expert in credit who has extensive experience in credit review and corporate sales through corporate credit screening and PRM marketing tasks.

Executive Vice President Hyunju Park, appointed as Head of the Consumer Group, is recognized for her communication skills through various department head roles such as consumer protection and foreign exchange support, and is regarded as a representative female leader.

Executive Vice President Yonggi Jeong, appointed as Head of the Personal Group, has excellent capabilities in promoting business and synergy based on personal finance through diverse sales field experience. Executive Vice President Sunghyun Park, appointed as Head of the Institutional Group, is recognized as the optimal person to lead the Institutional Group with a high understanding of institutional work through roles such as Head of Institutional Clients and Head of Sustainable Management at the holding company (CSSO).

Managing Director Jonghwa Bae, appointed as Head of the Risk Management Group, is an expert in risk management with experience in both credit planning and credit screening, with detailed analytical skills as his strength. Managing Director Seokyoung Hong, appointed as Head of the Investment Products Group, possesses expertise in investment products overall, having experience in various headquarters departments such as the Investment Advisory Department and as head of the WM department.

Also, former Deputy Governor of the Financial Supervisory Service, Chanwoo Ryu, was selected as the final candidate for the Standing Auditor. The Standing Auditor will be finally appointed at a special shareholders' meeting.

A bank official said, "By selecting management leaders with excellent communication skills along with job expertise, we are promoting a stable generational change and newly appointing experts in each field as division heads and group heads to ensure the bank's sustainable growth through the promotion of future core businesses."

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