NH Investment & Securities Expands IB Organization... Establishes WM Direct Tax Team

Expansion to a Three-Headquarters System in IB 'Industry' Sector
Strengthening SME and Financial Services
Establishment of Tax Center, a Tax-Dedicated Organization Directly Under WM Division

[Asia Economy Reporter Hwang Yoon-joo] NH Investment & Securities has expanded its IB organization and established a dedicated tax team to proactively respond to the rapidly changing business environment after COVID-19.

On the 24th, NH Investment & Securities announced the establishment of the Industry3 Division within the IB1 Business Unit. This decision was made based on the judgment that it is necessary to structurally reorganize the IB corporate coverage organization due to the expansion of corporate advisory needs such as business structure reorganization following changes in industry competition bases and the intensifying competition in the M&A market.

The newly established Industry3 Division includes the SME (Small and Medium-sized Enterprises) Department, which is responsible for in-house collaborative sales related to M&A and IPOs targeting small and medium-sized enterprises.

To strengthen corporate finance needs in the financial industry and coverage of special industries such as REITs and PEFs, the Financial Industry Department was reorganized under the Industry1 Division, and the Heavy Industry Department, which provides comprehensive corporate finance solutions for heavy industries, was reassigned to the Industry3 Division.

Additionally, a dedicated tax team called the Tax Center was established due to the continuous emphasis on tax-saving issues amid the activation of overseas stock trading and tax-related system reforms.

The Tax Center is responsible for planning new tax-related services and solutions, building infrastructure, and supporting VIP consulting. Along with the establishment of the organization, NH Investment & Securities plans to strengthen overall tax capabilities by expanding professional personnel such as tax accountants.

Furthermore, a dedicated mobile development team was also established. The Mobile Development Department was newly created under the IT Headquarters and assigned roles such as technology research for mobile innovation and external partnerships.

An NH Investment & Securities official explained, "Customer needs are changing and the business environment is rapidly evolving, so we reorganized business resources not only to respond to this but also to establish a competitive structure and a foundation for the company's sustainable growth."