Woori Bank Implements Organizational Restructuring Including Establishment of Corporate Finance Specialized Channel

Establishment of 'Inspection Headquarters' to Strengthen Internal Controls
Enhancing Southeast Asia Competitiveness through 'Southeast Asia Growth Business Division'

Woori Bank conducted an organizational restructuring on the 7th to strengthen its sales capabilities, including the establishment of a specialized corporate finance channel. It also announced measures to establish internal controls centered on the creation of an ‘Inspection Headquarters.’

On the same day, Woori Bank stated that the restructuring was carried out to ▲establish a sound sales culture ▲build customer-oriented specialized channels ▲strengthen global growth engines ▲secure competitiveness of digital platforms.

First, in the corporate finance sector, the bank plans to open the ‘Banwol Sihwa BIZ Prime Center’ in the Banwol Sihwa National Industrial Complex in Gyeonggi Province, an area densely populated with small and medium-sized enterprises. It will support companies within the industrial complex with investment, financing, and corporate consulting, and provide one-stop financial services by deploying specialized Private Banker (PB) personnel to offer asset management specialized services.

In the asset management sector, ‘TWO CHAIRS W’ will be opened in two locations in Seoul?Cheongdam and Daechi?and 12 PBs at the head and branch manager level will be assigned to provide differentiated asset management services.

For the global investment sector, the bank will strengthen global investment support by opening the ‘Global Investment WON Center’ at the Gangnam Kyobo Tower in Seoul to attract foreign investment and support foreign-invested companies.

Additionally, a new ‘Southeast Asia Growth Business Division’ will be established to enhance competitiveness in the three major Southeast Asian subsidiaries (Indonesia, Vietnam, Cambodia), as well as in India and Dhaka (the capital of Bangladesh).

To strengthen internal controls, the bank will also establish the ‘Inspection Headquarters,’ an internal audit control tower. Furthermore, compliance monitoring personnel at the branch manager level will be exclusively assigned to the sales headquarters to proactively prevent financial accidents and unsound sales practices.

Meanwhile, considering the Big Blur era where the boundaries between financial and non-financial sectors are ambiguous, a ‘Digital New Business Team’ has been established to expand the digital ecosystem and discover new businesses in the non-financial sector.

A Woori Bank official stated, “To establish a sound sales culture, we have strengthened the internal control organization and created a dedicated team to enhance competitiveness in the rapidly growing Southeast Asian region. By establishing specialized channels in corporate finance, asset management, and global investment sectors, we will maximize sales capabilities and secure sustainable growth engines through the expansion of non-financial businesses.”

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