Hyundai Motor Securities Strengthens Wholesale Business... Organizational Restructuring and New Personnel Appointments

[Asia Economy Reporter Minji Lee] Hyundai Motor Securities announced on the 7th that it has carried out an organizational restructuring to strengthen its wholesale business.

Hyundai Motor Securities integrated the Corporate Business Office, HPS Office, and Bond Business Office, which were previously separated as individual teams, under a new upper-level organization called the Wholesale Business Headquarters. This was done to unify the corporate business division into a single headquarters to establish a focal point for the wholesale business.

Kim Hyunjong, a former executive director from Hanwha Investment & Securities, was appointed as the new head of the Wholesale Business Division. Kim Hyunjong is a wholesale expert with over 20 years of pure corporate sales experience, having worked at Daewoo Securities and Hanwha Investment & Securities. It is known that during his time at Daewoo Securities, he also gained experience in the retirement pension business while serving as the head of the Retirement Pension Headquarters.

A new head was also appointed for the HPS (Hyundai Pension Service) Office, which is responsible for the pension business. Han Gwansik, a managing director from Korea Investment & Securities, was appointed. Han Gwansik has been involved in related work since the introduction of the domestic retirement pension system in 2005 and has steadily built expertise in the defined contribution (DC) and individual retirement pension (IRP) fields.

Hyundai Motor Securities stated, “Uncertainty is expanding across the capital market recently,” and added, “By appointing individuals with abundant market experience, we plan to focus on strengthening competitiveness tailored to customer needs.”

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