Han Yong-gu Appointed as Next CEO of Shinhan Bank and Head of Sales Group

Shinhan Financial Group Holds Subsidiary Management Committee Meeting to Appoint Affiliate CEOs

[Asia Economy Reporter Yu Je-hoon] Han Yong-gu (56), Head of the Sales Group (Executive Vice President), a sales expert, has been nominated as the new CEO of Shinhan Bank to work alongside Jin Ok-dong, the next CEO and Chairman of Shinhan Financial Group.

On the 20th, Shinhan Financial Group held an extraordinary board meeting and a subsidiary management committee meeting at its headquarters in Jung-gu, Seoul, and announced the appointment of CEOs for 10 subsidiaries, including Shinhan Bank.

Han, the EVP, was nominated as the CEO of Shinhan Bank, Shinhan Financial's main subsidiary. Born in 1966, Han graduated from Cheongju High School and Sungkyunkwan University, joined the bank in 1991, and has held positions such as Head of the Retirement Pension Business Division, Head of the ONE Shinhan Strategy Team at the holding company, Head of Management Support Group (Vice President) at Shinhan Investment Corp., and Head of the Sales Group (EVP) at Shinhan Bank.

Just as Jin's nomination as the next CEO and Chairman broke the initial expectation of Chairman Cho Yong-byeong's third term, Han's appointment is also seen as a surprise. A Shinhan Financial Group official explained, "Han, born in 1966, is the youngest among the candidates initially considered," adding, "This reflects the 'generation change' trend applied during the CEO and Chairman appointment process."

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