Appointment of Representatives for Four Financial Affiliates
[Asia Economy Reporter Oh Hyung-gil] Hanwha Group announced on the 31st the appointments of CEOs for four affiliates: Hanwha General Insurance, Hanwha Investment & Securities, Hanwha Asset Management, and Hanwha Savings Bank.
The appointments are intended to establish a more stable and sustainable growth foundation amid uncertain domestic and international economic conditions.
Hanwha Investment & Securities and Hanwha Asset Management will swap their CEOs. Kwon Hee-baek, CEO of Hanwha Investment & Securities, will become the new CEO of Hanwha Asset Management, while Han Doo-hee, CEO of Hanwha Asset Management, will move to become the new CEO of Hanwha Investment & Securities.
The appointee Han has extensive experience and a deep understanding of investment operations in asset management firms, securities companies, and insurance companies. This change is expected to strengthen risk management at Hanwha Investment & Securities and proactively respond to market changes, serving as an opportunity to explore new strategies.
The appointee Kwon is a financial expert who has served as head of the investment division at Hanwha Life and CEO of Hanwha Investment & Securities. He is expected to further enhance the competitiveness of Hanwha Asset Management's alternative investment division and solidify its position within the asset management industry through timely responses to the securities market situation.
Additionally, Kang Sung-soo, CEO of Hanwha General Insurance, will move to become the new CEO of Hanwha Savings Bank, and Na Chae-beom, Vice President of Hanwha Life, has been appointed as the new CEO of Hanwha General Insurance.
The appointee Kang is a financial strategy expert with abundant experience and insight in the finance sector. He is regarded as the right person to actively respond to rapidly changing market conditions and continuously enhance the corporate value of Hanwha Savings Bank.
The appointee Na has extensive experience in insurance sales, strategic planning, and CFO roles at Hanwha Life. Based on this, he is expected to contribute to stabilizing management and improving the profit and loss structure of Hanwha General Insurance through sales system improvement and advancement of management systems.
A Hanwha Group official stated, "The appointments of CEOs for financial affiliates were made to more effectively respond to the rapidly changing financial market environment and to place the right leaders to drive new strategic directions," adding, "Business synergies among affiliates will also be strengthened going forward."
The appointed CEOs will be officially selected through shareholders' meetings and board meetings according to each company's schedule.
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