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Shinhan Bank and Shinhan Card advance CEO inauguration

Collected: 2017.03.07

Distributed: 2017.03.09

Source: Go Direct

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Shinhan Bank and Shinhan Card, the two key affiliates of Shinhan Financial Group, embraced new leaders Tuesday after a major reshuffle of top management at South Korea’s largest banking group.

Wi Sung-ho and Lim Young-jin began their duties as the new chief executive of the two units, respectively, upon confirmation by shareholders on the same day. Lim, vice president at Shinhan Financial Group, was nominated on Monday to succeed Wi as CEO of Shinhan Card after Wi was named to lead Shinhan Bank. Both Lim and Kim’s term will last two years.

Their inauguration was advanced about a week to ensure rapid business continuity after a simultaneous leadership change in several other affiliates and Shinhan Financial Group, the holding company that has 38 subsidiaries under its arm.

Shinhan Financial Group nominated Cho Yong-byoung, president and CEO of Shinhan Bank, as its new chairman early in February, and he is subject to confirmation from a shareholders meeting due on Mar. 23.

Other than Lim and Kim, Kim Hyung-jin, vice president of Shinhan Financial Group, was named to lead Shinhan Investment on Monday. Kim served as chief of HR and customer service affairs before becoming vice president responsible for planning and corporate financing. In addition, Yoon Seung-wook, a former vice president at Shinhan Bank, was tapped to lead Shinhan Credit Information. Meanwhile, the tenures of Shinhan BNP Paribas Asset Management CEO Min Jeong-ki, Jeju Bank CEO Lee Dong-dae and Shinhan Savings Bank CEO Kim Young-pyo were extended for one more year.

By Kim Tae-sung

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