Appointment of NH Financial Vice Presidents and Deputy Heads... Half of NH Bank Deputy Heads Newly Appointed

Kim Yong-gi Appointed Vice President of Financial Holding Company
One Additional Female Executive Vice President at NongHyup Bank

[Asia Economy Reporter Kiho Sung] NongHyup Financial Group has carried out key personnel appointments including the appointment of a new vice president of the holding company and eight new deputy presidents of NongHyup Bank, as well as vice presidents and heads of sales divisions at major affiliates.

On the 3rd, NongHyup Financial announced that it appointed Kim Yong-gi, head of the Global Business Division at NongHyup Bank, as the new vice president. Kim will succeed Kim Hyung-shin, whose term ends at the end of this year, and will assume his duties starting January 1 of next year. Kim has a working relationship with NongHyup Financial Chairman Son Byung-hwan from when Son concurrently served as head of the Global Business Division at NongHyup Bank.

The newly appointed deputy presidents of NongHyup Bank include Kim Chun-an, head of the Gyeongbuk Regional Headquarters of NongHyup Central Association; Gil Jeong-seop, head of the Chungnam-Sejong Regional Headquarters; Yoon Sang-woon, head of the Daejeon Regional Headquarters; Yoon Hae-jin, head of the Gyeongnam Regional Headquarters; Lee Soo-hwan, head of the Daegu Regional Headquarters; Lee Yeon-ho, head of the Personal Customer Department at NongHyup Bank; Lee Hyun-ae, head of the Mutual Finance Deposit Support Department at NongHyup Central Association; and Cho Sang-jin, head of the IT Finance Department at NongHyup Bank, totaling eight promotions.

Notably, with the appointment of Lee Hyun-ae from NongHyup Central Association as a new deputy president, NongHyup Bank now has two female deputy presidents, making it the only one among the five major banks to do so. Currently, Shinhan and Hana Banks each have one female deputy president, while Kookmin and Woori Banks have none.

This personnel change replaces seven of the existing 15 deputy presidents and increases the total number by one. NongHyup Bank plans to separate the trust division, which had been managed concurrently by deputy presidents, and assign the trust business to one of the newly appointed deputy presidents. The appointed deputy presidents will oversee their respective divisions through task assignments at the end of this year. Generally, the term for a deputy president at NongHyup Bank is two years.

A NongHyup Bank official explained, “As the need to expand non-interest income grows, we intend to strengthen the trust division.” The specific roles for the newly appointed deputy presidents will be finalized by the end of this year.

Executives at insurance affiliates were also largely replaced. Kim Jang-seop, head of the Mutual Finance Asset Management Headquarters at NongHyup Central Association; Ryu Young-soo, head of the Audit Department at NongHyup Life Insurance; Seo Ok-won, head of the Mutual Finance Risk Review Headquarters at NongHyup Central Association; and Joo Kyung-don, head of the Management Support Department at NongHyup Life Insurance, were appointed as new vice presidents of NongHyup Life Insurance. At NongHyup Property & Casualty Insurance, Moon Yeon-woo, head of the Agricultural Insurance Division; Song Chun-soo, head of the Corporate Sales Department; Shin Young-soo, director of the Planning Office at NongHyup Central Association; and Hong Soon-kwang, head of the Marketing Division, were appointed as vice presidents.