Korea Financial Group, Existing Management Reappointed... Regular Personnel Changes and Organizational Restructuring in Affiliates

Promotion Focused on Executive-Level for Next-Generation Leader Development
Maximizing Synergy by Business Division and Strengthening Core Competencies
Establishment of Securities Wholesale Group and Digital Headquarters

[Asia Economy Reporter Hyungsoo Park] Korea Financial Group on the 26th conducted a regular executive personnel appointment, renewing all existing management. With major countries expected to tighten monetary policy and economic contraction next year, the experienced and seasoned existing management was tasked with overcoming the crisis.

Korea Investment Financial Group renewed all heads within the holding company, including the Strategic Planning Office and Management Office, and promoted Kim Yong-kwon, Executive Director of the RM Office, Hong Hyung-sung, Executive Director of the Compliance Support Office, Kim Geun-soo, Executive Director in charge of Management, and Yoo Jae-kwon, Executive Director.

Korea Investment & Securities included in its promotion list Executive Director Choi Young-mok, Head of the Digital Headquarters; Executive Director Lee Chang-ho, Head of PB1 Headquarters; Executive Director Kim Do-hyun, Head of PB Strategy Headquarters; Executive Director Lee Jae-wook, Head of Management Support Headquarters; and Executive Director Shin Hwan-jong, in charge of Operation Strategy. Assistant Executive Director Park Tae-hong was newly appointed as Head of the Equity Derivatives Headquarters, and Assistant Executive Director Kim Young-woo as Head of IB3 Headquarters.

Along with the regular personnel appointments, Korea Investment & Securities also carried out an organizational restructuring. The focus was on maximizing synergy through organic cooperation between headquarters and strengthening core competencies by business division. To enhance sales capabilities targeting institutional investors and corporations, a Wholesale Group was newly established by integrating functions based on products and services. The Wholesale Solutions Headquarters and Equity Derivatives Headquarters were newly added. The IT Headquarters and DT Headquarters were merged to create the Digital Headquarters, accelerating digital transformation. To strengthen the core foundation of data capabilities, a Data Department was newly established. The Personal Customer Group created a Platform Development Department under the Platform Headquarters to enhance competitiveness in non-face-to-face business. The IB Group expanded the existing IB2 Headquarters into two separate headquarters to broaden customer coverage and further strengthen sales capabilities. To improve operational efficiency considering changes in the asset market, an Operation Strategy Department was newly established within the Operation Group for in-house research and development of operation strategies.

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