Hana Bank President Lee Seung-yeol and Hana Life Insurance CEO... Hana Financial Appoints Subsidiary CEOs

First CEO Appointment After Chairman Ham Young-joo's Inauguration
Park Sung-ho's Bank President Reappointment Fails... Major Subsidiary Heads Replaced in Large Numbers

From the left, Lee Seung-yeol, candidate for Hana Bank President; Kang Seong-muk, candidate for Hana Securities CEO; Lee Ho-sung, candidate for Hana Card CEO (Provided by Hana Financial Group)

[Asia Economy Reporter Minwoo Lee] Hana Financial Group has completed the selection of new chief executive officer (CEO) candidates for its major affiliates, including Hana Bank, Hana Securities, and Hana Card. Following the inauguration of Chairman Ham Young-joo, a large-scale replacement of heads at key affiliates took place in the first representative personnel appointment.

On the 14th, Hana Financial Group announced that the Group Executive Candidate Recommendation Committee (hereafter Group ECC) held a meeting the previous day and recommended CEO candidates for Hana Bank, Hana Securities, and Hana Card.

First, Lee Seung-yeol, the current CEO of Hana Life Insurance, was recommended as the next candidate for Hana Bank president. Born in 1963, Lee graduated from Seoul National University with a degree in Economics and earned a master's degree from the same university’s graduate school before joining Korea Exchange Bank. He then served as CFO of Hana Financial Group and Hana Bank, non-executive director of Hana Bank, head of group HR at Hana Financial Group, and is currently CEO of Hana Life Insurance.

The Group ECC stated, "We judged that candidate Lee Seung-yeol will foster smooth communication with all organizational members based on strategic direction and risk management capabilities amid the recent challenging financial environment, especially by listening to opinions from the sales field, and will also maintain harmonious relationships with investors, customers, and other stakeholders." They added, "He is the right person for the role as he can lead the organization smoothly with gentle charisma based on conviction and principles."

As a result, current Hana Bank President Park Sung-ho will complete his two-year term without renewal. His failure to secure a second term appears linked to losing third place to Woori Bank in cumulative net profit for the third quarter this year, as well as controversies such as disciplinary actions against some branches over illegal foreign currency remittances.

Meanwhile, the Group ECC recommended Kang Sung-mook, current CEO of Hana Alternative Investment Asset Management, as the candidate for the new CEO of Hana Securities. Born in 1964, Kang graduated from Sogang University with a degree in Sociology. He has experience leading the Sales Support Group, Management Support Group, and Central Sales Group at Hana Bank, covering retail and corporate sales as well as management. He later served as executive vice president in charge of retail at Hana UBS Asset Management and is currently CEO of Hana Alternative Investment Asset Management.

For the CEO candidate of Hana Card, Lee Ho-sung, current vice president of Hana Bank, was recommended. Also born in 1964, Lee has worked in the Yeongnam Sales Group and Central Sales Group of Hana Bank and is currently serving as vice president overseeing the Sales Group.

The CEO candidates for each major affiliate of Hana Financial Group will be finalized after going through each company’s executive candidate recommendation committee, board of directors, and shareholders’ meetings to be held in the future.

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