Hyundai Motor Securities announced on December 18 that it has carried out an organizational restructuring to enhance the profitability of its bond business division.
The company explained that it has streamlined its bond brokerage operations, which had previously been duplicated across four teams under the bond business division, and consolidated related tasks that were previously handled by other departments.
Specifically, while maintaining the bond business division, Hyundai Motor Securities has reorganized the Bond Finance Team 1 and 2, Capital Markets Team, and Multi-Solution Team into the Multi-Solution Team (bond brokerage) and Bond Management Team (bond management). The company has decided to terminate contracts with the Bond Finance Team 1 and 2 and the Capital Markets Team.
A representative from Hyundai Motor Securities stated, "This measure is aimed at diversifying the bond business division's work, which had been focused on bond brokerage, into both brokerage and management," adding, "There will be no changes to the bond brokerage and management operations."
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