KB Financial Group has begun recommending candidates for CEO positions at its affiliates for the first time since Chairman Yang Jong-hee took office.
On the 14th, KB Financial Group Holdings announced that it held the 'Affiliate CEO Candidate Recommendation Committee (Daechuwi)' and recommended CEO candidates for eight affiliates, including KB Securities. The recommended candidates will be finalized through the affiliates' Daechuwi final review and recommendation this month and confirmed at the shareholders' meeting.
Yang Jong-hoe, Vice Chairman selected as the final candidate for the next chairman of KB Financial Group, is giving a brief interview on the 11th at the KB Kookmin Bank headquarters in Yeouido, Seoul. Photo by Kang Jin-hyung aymsdream@
The Daechuwi recommended new CEO candidates for eight affiliates whose terms expire at the end of this month, including KB Securities (WM division), KB Insurance, KB Asset Management, KB Capital, KB Real Estate Trust, and KB Savings Bank. For KB Securities WM division, Lee Hong-gu, Vice President of WM Sales Headquarters, was recommended; for KB Insurance, Gu Bon-wook, Executive Director of Risk Management Headquarters; for KB Asset Management, Kim Young-sung, Executive Director of Pension & Securities Division; for KB Capital, Bin Jung-il, Head of Structured Finance Headquarters at KB Kookmin Bank; for KB Real Estate Trust, Sung Chae-hyun, Director and Vice President of the Sales Group at KB Kookmin Bank; and for KB Savings Bank, Seo Hye-ja, Executive Director and Compliance Officer at KB Financial Group Holdings were each recommended.
Lee Hong-gu, recommended as CEO of KB Securities WM division, was recognized for leading excellent management performance such as establishing a stable WM revenue structure and increasing assets under management. Gu Bon-wook, the CEO candidate for KB Insurance, is evaluated to have management capabilities to sustain solid growth based on key job experiences such as management strategy and risk management.
Kim Young-sung, the CEO candidate for KB Asset Management, was acknowledged for leading market share expansion through achievements in the pension and TDF sectors. Bin Jung-il, the CEO candidate for KB Capital, was recognized for expertise, sales capabilities, and field experience in core business areas such as CIB and global credit review. Sung Chae-hyun, the CEO candidate for KB Real Estate Trust, was acknowledged for organizational management skills and stable management ability, while Seo Hye-ja, the CEO candidate for KB Savings Bank, was recognized as a female candidate considering diversity within the organization, having experience in compliance, legal affairs, HR, and sales.
Additionally, Kim Sung-hyun was reappointed as CEO of KB Securities (IB division), Lee Chang-kwon as CEO of KB Kookmin Card, and Kim Jong-pil as CEO of KB Investment. The term of office for new CEOs is two years, and for reappointed candidates, one year. However, the term for Lee Hong-gu, candidate for KB Securities WM division, is one year, the same as Kim Sung-hyun, candidate for the IB division.
A Daechuwi official stated, “We focused on recommending candidates with leadership that can deliver results based on understanding customers, markets, and sales sites; change and innovation leadership that can actively respond to trend changes; and organizational management leadership that can drive organizational harmony and sustainable growth. This aims to establish a virtuous cycle of management succession centered on internal talent and enhance the competitiveness of affiliates.” He added, “We hope the recommended candidates will help KB Financial, which has grown and been loved together with our neighbors, take a step further to create ‘KB Financial growing together with the people.’”
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