BNK Financial Group Confirms CEO Candidates for Six Non-Banking Subsidiaries

CEO Changes at BNK Savings Bank and Others

BNK Financial Group Headquarters

[Asia Economy Reporter Yu Je-hoon] BNK Financial Group announced on the 17th that it has finalized the CEO candidates for six non-bank affiliates whose terms expire this month.

The six affiliates are BNK Capital, Savings Bank, Asset Management, Credit Information, System, and Venture Investment. Among them, three CEOs?Sung Myung-hwan of Savings Bank, Sung Dong-hwa of Credit Information, and Kim Seok-gyu of System?had previously expressed their intention to retire early to foster successors.

First, Capital and Savings Bank conducted independent succession procedures according to their respective CEO succession plans, including document screening, presentation evaluation, interview assessment, and external reputation checks. As a result, Capital's Executive Candidate Recommendation Committee decided on the 16th to extend the current CEO Lee Doo-ho's term by one year, while Savings Bank recommended Myung Hyung-guk, Deputy Head of Busan Bank, as the final candidate after the committee's interview evaluation on the same day. The term is two years.

Asset Management plans to extend the current CEO Lee Yoon-hak's term by one year. Since his appointment in 2017, he has led growth, achieving assets under management (AUM) of 10 trillion won. Due to the retirement of the current CEOs of Credit Information and System, Kim Sung-joo, Head of Global Division (Vice President) at BNK Financial Group, and Kim Young-moon, Head of CIB Division (Vice President), will be newly appointed as CEOs, respectively.

For Venture Investment, current CEO Do Seung-hwan, who also serves as the chief fund manager, will be succeeded by Kim Sang-yoon, Head of Audit Division (Vice President), as CEO. Do will step down as CEO to focus on his role as chief fund manager. These appointments will be officially confirmed at the regular shareholders' meeting scheduled for the 24th.

Additionally, BNK Financial implemented the subsidiary Business Unit (BU) system last year to strengthen subsidiary competitiveness, appointing An Gam-chan, President of Busan Bank, as head of the Banking BU, and Lee Doo-ho, CEO of Capital, as head of the Investment BU. BNK Financial's board has nominated these two BU heads as candidates for outside directors, and if appointed as outside directors at this month's regular shareholders' meeting, the group plans to enhance competitiveness through the activation of the subsidiary BU system.

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