KB Financial Group Appoints New Affiliate CEOs... Changes in Securities IB Division and Savings Bank Leadership

Kang Jindu Nominated as CEO of KB Securities Investment Banking Division
Kwak Sanup Nominated as CEO of KB Savings Bank

Kang Jindoo, the new CEO candidate of KB Securities (left), and Kwak Sanup, the new CEO candidate of KB Savings Bank. Provided by KB Financial Group

On December 16, KB Financial Group held the Affiliate CEO Candidate Recommendation Committee and nominated candidates for the CEO positions of six affiliates, including KB Securities.

Kim Sunghyun, Head of the Investment Banking Division at KB Securities, and Seo Hyeja, CEO of KB Savings Bank, have been replaced.

Kang Jindu, Executive Vice President and Head of the Corporate Planning Group at KB Securities, was nominated as the new CEO candidate for the Investment Banking Division at KB Securities. Kwak Sanup, Deputy President and Head of the Retail Customer Group at KB Kookmin Bank, was nominated as the new CEO candidate for KB Savings Bank.

Kang was recognized for his expertise in corporate finance, acquisition finance, and global investment banking, which are expected to strengthen the company’s market competitiveness. He was also evaluated as a prepared leader who can drive both a stable generational transition and sustainable growth, based on his balanced experience in both sales and management.

Kwak was evaluated as the right person to transform KB Savings Bank into a “digital specialist channel” centered on Kiwibank, based on his experience spanning digital and marketing. He was also recognized for his ability to create synergy with the bank to expand the customer base.

The committee re-nominated Lee Honggu, Head of the Wealth Management Division at KB Securities; Koo Bonwook, CEO of KB Insurance; Kim Youngsung, CEO of KB Asset Management; Bin Jungil, CEO of KB Capital; and Sung Chaehyun, CEO of KB Real Estate Trust.

The committee stated, “We have nominated individuals who can swiftly implement changes in business operations to establish new growth foundations and drive the expansion of markets and customers as candidates for affiliate CEOs.”

The nominated candidates will undergo a final review and recommendation by each affiliate’s CEO Candidate Recommendation Committee within this month, after which they will be confirmed at the shareholders’ meeting. The term for new CEOs is two years, while the term for reappointed CEOs is one year.

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