IBK Investment & Securities Appoints Seo Jeong-hak, President of IBK Savings Bank, as New CEO

Seojeonghak, Nominee for CEO of IBK Investment & Securities

[Asia Economy Reporter Son Sun-hee] Seo Jeong-hak, president of IBK Savings Bank (60), has been appointed as the new CEO of IBK Investment & Securities.

According to IBK Investment & Securities on the 17th, President Seo has been nominated as the next CEO candidate and will be officially appointed after the shareholders' meeting and board of directors' approval.

Appointee Seo is from Jincheon, Chungbuk, and graduated from Kyungsung High School and Dongguk University with a degree in English Literature. He joined Industrial Bank of Korea in 1989, serving as branch manager and head of departments. In 2018, he was appointed vice president and held positions such as head of the Information Technology Group, Global Treasury Market Group, and CIB Group before becoming president of IBK Savings Bank in March 2021.

He is regarded as an expert well-versed in global finance and investment banking (IB). He worked at the Singapore branch from 1995 to 1998 and the New York branch from 2006 to 2008, and has been responsible for operations and IB tasks within the bank for over 20 years.

If appointed as the new CEO, the term will be a basic two years with a possible one-year extension. The previous CEO of IBK Investment & Securities, Seo Byung-ki, completed his term at the end of March last year but has continued to serve as CEO due to the delay in appointing a successor.

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