Hyundai Motor Securities, Large-Scale Organizational Reshuffle... "Will Accelerate Value-Up"

6 out of 7 Headquarters and Business Division Heads Replaced

Hyundai Motor Securities announced on the 6th that it has carried out a large-scale personnel renewal and organizational restructuring, including appointing heads of divisions and business units born in the 1970s and recruiting external talent to enhance efficiency.

The Retail Division is promoting organizational innovation to enhance competitiveness in the retirement pension business and strengthen VIP asset management capabilities. To boost retirement pension competitiveness and synergy, a Pension Business Office has been established under the Retail Division, consolidating the previously scattered retirement pension organizations under this office. This decision was based on the judgment that collaboration and synergy between the Retail Division and the Pension Business Office are essential to strengthen the competitiveness of Defined Contribution (DC) and Individual Retirement Pension (IRP) plans. It is expected that the branch sales network will be utilized to establish a growth foundation for DC and IRP-centered retirement pensions. Additionally, the division plans to drive retail innovation by appointing strategic leaders born in the 1970s, while also advancing PB services and strengthening VIP customer asset management competitiveness by establishing a Wealth Management (WM) Solutions Team.

The Corporate Finance (IB) sector is responding to the real estate project financing (PF) downturn and enhancing competitiveness in traditional IB and real estate PF by streamlining the organization, including integrating IB1, IB2, and IB3 divisions into a single IB Division and optimizing resource utilization. Furthermore, a New Business Promotion Team has been established to diversify the revenue portfolio by discovering non-real estate deals.

In addition, a Sales & Trading (S&T) Division has been newly established to focus on operations and trading, which are the core businesses of the securities industry. Trading and operations teams of similar types, such as Proprietary Investment (PI) and derivatives markets, will be concentrated under the S&T Division to improve capital utilization efficiency. Moreover, externally recruited experts with professionalism and extensive networks will be brought in to strengthen sales and new business competitiveness.

Furthermore, to strengthen digital-based competitiveness, a Management Support Business Division has been established to build the next-generation ledger system. As the largest project since the company's founding, with an investment exceeding 100 billion KRW, the next-generation ledger system will be successfully built by establishing a Business Innovation Office under the Management Support Business Division, alongside the BT Office and GWP Office. This structure aims to accurately identify the needs of frontline operations and customers, reflect them in the next-generation ledger system, and promote company-wide capability consolidation and collaboration.

Baek Hyung-geun, CEO of Hyundai Motor Securities, stated, “Before capital expansion through a paid-in capital increase, we have carried out a large-scale personnel renewal and organizational restructuring to improve profitability and strengthen business competitiveness,” adding, “We will actively pursue corporate value-up based on change and innovation.”