Shinhan Bank announced on the 20th that it held a board meeting and implemented new executive appointments and organizational restructuring.
At the board meeting, in response to changes in the internal and external management environment and to lead innovation in core business and efficient use of resources, a large number of young executives with expertise and capabilities in each field were newly appointed as executives. These include the Sales Promotion Group, the newly established Digital Innovation (Sales Promotion 4) Group, and the Institutional Solutions Group, totaling 10 groups with specialized fields.
Additionally, out of 14 executives whose terms expired, 9 were replaced in a large-scale personnel renewal. Even department heads, not just headquarters chiefs, were appointed as executives in a bold move. In particular, Shinhan Bank explained that by appointing six young executives born after 1970, the generational shift was accelerated.
Kim Jae-min, Vice President of SBJ Bank, was newly appointed as head of Sales Promotion 1 Group. Yang Gun-gil, Head of the Credit Planning Department, was appointed as head of Sales Promotion 3 Group; Lee Bong-jae, Head of the Central Headquarters, as head of the Customer Solutions Group; Kang Dae-o, Head of the Institutional Solutions Department, as head of the Asset Management Solutions Group; Jang Ho-sik, a specialist from the HR Department, as head of the CIB Group; and Yoon Jun-ho, Executive Director of the Information Security Headquarters, as head of the Tech Group.
Choi Hyuk-jae, Head of the Digital Business Department, was appointed as head of the Digital Innovation Group; Lee Jeong-bin, Head of the GIB and Large Corporate Business Department, as head of the Management Support Group; Jeon Jong-su, Head of the Compliance Department, as Compliance Officer; and Song Young-shin, Head of the Tech Operations Department, as Head of the Information Security Headquarters.
The terms of the newly appointed executives will begin on January 1 of next year.
Shinhan Bank also implemented organizational restructuring on the same day. Within the Customer Solutions Group, the Personal Solutions Department and Corporate Solutions Department were merged to create the new Customer Solutions Department. It plans to provide customers with various integrated solutions. A ‘Customer Convenience Tribe’ was also established to lead innovations in customer convenience, such as process and system improvements from the customer’s perspective.
The Digital Solutions Group, which had been developing capabilities as a separate organization, was reorganized into the ‘Digital Solutions Headquarters’ and the ‘Digital Innovation Team’ and integrated into the Customer Solutions Group. This was done to enable the digital functions of the Digital Solutions Headquarters to create synergy with the customer solutions area, while the Digital Innovation Team will strengthen data capabilities to support advanced customer management and marketing within the Customer Solutions Group.
To enhance platform business capabilities and momentum, the ‘Digital Innovation (Sales Promotion 4) Group’ was newly established to oversee these functions, and a ‘Platform Sales Department’ was set up to manage the platform business overall, accelerating performance creation such as customer expansion through platform business.
To strengthen institutional customer sales capabilities, the ‘Institutional Solutions Group’ was newly established to enable quick and organic responses to institutional customer needs. The WM sales-related organization, which previously belonged to Sales Promotion 4 (WM) Group, was reorganized into the ‘PWM Headquarters’ and placed under Sales Promotion 1 Group, aiming to achieve synergy among channels within the Sales Promotion Group.
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