BNK Organizational Restructuring... Establishment of the Financial Sector's First Ethics Management Department and Separation of CFO Role

BNK Financial Group has established the 'Ethical Management Department' for the first time in the financial sector to strengthen internal controls, and decided to separate and organize Chief Financial Officers (CFOs) within the management strategy divisions of the holding company, Busan Bank, Gyeongnam Bank, and BNK Capital.

BNK Financial Group announced on the 19th that it has implemented an organizational restructuring plan based on these details. Prior to this, BNK Financial conducted personnel appointments for executives of major subsidiaries and heads of departments, offices, and branches, initiating an organizational discipline inspection at the turn of the year.

First, BNK Financial will establish the 'Group Future Digital Innovation Division' within the holding company to secure future growth engines and leap forward as a comprehensive financial group. This division will include the Future Innovation Department, which promotes future strategic planning, new businesses, and business diversification; the Regional Specialized Business Team, which pursues regional specialized projects and mutual development plans among group companies; and the Digital Planning Department and IT Planning Department.

Additionally, the holding company, Busan Bank, Gyeongnam Bank, and BNK Capital will separate financial functions within their management strategy (planning) divisions and place them under newly formed CFOs. Along with this, external CFOs with both expertise and objectivity were appointed in the personnel changes.

BNK Financial will also establish the Ethical Management Department for the first time in the financial sector to innovate internal control functions such as preventing financial accidents. Furthermore, a Regional Win-Win Development Committee directly under the chairman will be formed, with the chairman personally overseeing the preparation of sustainable win-win financial measures from the perspective of vulnerable groups in the Busan, Ulsan, and Gyeongnam regions. In addition, an Office of the Board of Directors will be newly established within the board to secure the independence of governance.

Major subsidiaries, Busan Bank and Gyeongnam Bank, have also undertaken organizational restructuring to become customer-centric organizations. Both banks will establish a Customer Planning Department and a Customer Data Analysis Team to provide integrated marketing from the customer's perspective and customized services for each customer.

BNK Financial stated, "In addition, to inject new vitality into the organization, we have strengthened diversity by appointing female executives for the first time since the establishment of the holding company," adding, "We will actively promote balanced growth of group companies and creation of group synergy by expanding personnel exchanges such as concurrent positions between the holding company and subsidiaries, sharing core competencies and know-how mutually."

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