Choi Seongjae, Kim Youngju, Yoon Wansik, and Lim Chanhee Appointed as New Deputy Bank Presidents
Promotion Expansion for Branch and Remote Area Employees... Upholding Performance-Based Personnel Principles
Yoon Jong-won, the new president of IBK Industrial Bank, is delivering his inaugural speech at the inauguration ceremony held on the 29th at the IBK headquarters in Euljiro, Jung-gu, Seoul. Photo by Kim Hyun-min kimhyun81@
[Asia Economy Reporter Haeyoung Kwon] Yoon Jong-won, President of IBK Industrial Bank of Korea, emphasized performance and competence in his first personnel appointment since taking office. He expanded promotions for branch and remote area employees to establish a performance-oriented personnel principle, and the scale of promotions and placements of female employees, including the appointment of female vice presidents, reached an all-time high. The position of Senior Vice President (Executive Director) was not decided.
IBK announced on the 20th that it completed promotions and transfers for 2,197 employees in one day through the regular personnel appointment for the first half of 2020, including four vice presidents and four regional headquarters chiefs.
The newly appointed female vice president, Im Chan-hee, head of the Gangnam Regional Headquarters, will serve as the head of the Personal Customer Group. Vice President Im is highly regarded for her extensive experience and insight in customer management, playing a significant role in expanding IBK's presence in the Gangnam area, which has many high-net-worth individuals and small to medium-sized enterprises with high growth potential.
The 'global expert' Choi Sung-jae, head of the Global Business Department, was appointed as head of the Global and Treasury Market Group; Kim Young-joo, head of the Southern Gyeonggi Regional Headquarters, known as a 'credit expert,' was appointed as head of the Credit Operations Group; and Yoon Wan-sik, head of the Gyeongseo Regional Headquarters, which achieved the highest management performance nationwide last year, was appointed as head of the IT Group.
As new headquarters chiefs, three branch managers who demonstrated outstanding performance at key regional branches and one department head recognized for contributions to strengthening internal control and credit management were promoted.
The notable feature of this personnel appointment is the expansion of promotions for branch and remote area employees. IBK increased the scale of promotions for branch employees who significantly contribute to the bank's performance and expanded promotions for employees working in remote areas to a level that frontline employees can feel, thereby strengthening employee motivation. The scale of promotions and placements of female employees in key departments, including the appointment of female vice presidents, also expanded to an all-time high. This reflects President Yoon's firm determination to "break the glass ceiling and realize gender equality."
Additionally, President Yoon carried out an organizational restructuring focused on 'innovative finance' and 'sound management.' He established an organization to respond to market changes and strengthen non-interest income and global competitiveness through business diversification. To facilitate close communication with the field, he newly established the 'Sound Management Office' directly under the bank president and created a Financial Fraud Response Team to strengthen financial consumer protection. Furthermore, he launched an 'Innovation Task Force (TF)' to devise detailed plans for the systematic establishment of innovative finance and sound management.
An IBK official said, "This personnel appointment and organizational restructuring are President Yoon's first results aimed at fair and performance-centered organizational management focusing on field opinions," adding, "Through the Innovation TF and others, the new president's management philosophy will become more concrete."
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