Shinhan Bank carried out an executive reorganization with an emphasis on 'renewal.' It also conducted an organizational restructuring focused on strengthening digital and field sales.

On the 20th, Shinhan Bank announced that it held a board meeting at its main office in Jung-gu, Seoul, to carry out personnel changes in its management and organizational restructuring.

/Shinhan Bank

Through this appointment, the newly appointed executives include ▲ Kim Jae-min, Vice President of Sales Promotion Group 1 ▲ Yang Gun-gil, Vice President of Sales Promotion Group 3 ▲ Lee Bong-jae, Vice President of Customer Solution Group ▲ Kang Dae-oh, Vice President of Asset Management Solution Group ▲ Jang Ho-sik, Vice President of CIB Group ▲ Yoon Jun-ho, Vice President of Tech Group ▲ Choi Hyuk-jae, Executive Director of Digital Innovation Group ▲ Lee Jeong-bin, Executive Director of Management Support Group ▲ Jeon Jong-soo, Executive Director of Compliance Officer ▲ Song Young-shin, Executive Director of Information Security Headquarters.

Kim Jae-min, appointed as the head of Sales Promotion Group 1, is an expert with excellent capabilities in customer management and sales marketing strategy development based on diverse work experiences in retail, corporations, and overseas subsidiaries. Yang Gun-gil, appointed as the head of Sales Promotion Group 3, is regarded as a person with expertise in the credit field, including rigorous examination and credit planning, and extensive field experience.

Choi Hyuk-jae, appointed as the head of Digital Innovation (Sales Promotion 4) Group, possesses experience in promoting various new businesses to expand Shinhan's digital ecosystem through retail, overseas subsidiaries, and many years of digital-related roles.

Lee Bong-jae, appointed as the head of Customer Solution Group, has the ability to propose various solutions based on balanced experience as a retail, institutional store manager, and sales promotion manager.

Kang Dae-oh, appointed as the head of Asset Management Solution Group, is expected to generate synergy based on abundant experience in institutional sales and platform business promotion. Jang Ho-sik, appointed as the head of CIB Group, has extensive practical experience and solid knowledge in related departments such as PIB and investment banking based on a long career.

Yoon Jun-ho, appointed as the head of Tech Group, has experience in ICT, sales fields, and overseas assignments. Lee Jeong-bin, appointed as the head of Management Support Group, features expertise in management strategy and business planning, based on experiences in the comprehensive planning department, the holding company's financial team, and the corporate division.

Jeon Jong-soo, appointed as a compliance officer, possesses high expertise in the execution and operation of the compliance system based on his experience as a lawyer in the compliance department. Song Young-shin, appointed as the Executive Director of Information Security Headquarters, has excellent capabilities in the protection of information technology and personal information security management based on experience in ICT/infrastructure security and information security planning.

A Shinhan Bank official noted, 'In terms of personnel renewal, we replaced 9 out of 14 executives whose terms expired, and we also appointed heads of departments as executives.' He added, 'We expedited generational change by appointing 6 younger executives born after 1970.'

The list of newly promoted executives also includes Lee Jeong-bin and Jeon Jong-soo, both born in 1972. The terms of the newly appointed management will begin on Jan. 1, 2025.

Additionally, Shinhan Bank established the Digital Innovation Group as a comprehensive organization to enhance platform business capabilities, and it created the Institutional Solution Group to strengthen institutional customer sales. The Personal Solution Department and Corporate Solution Department within the Customer Solution Group were integrated into the Customer Solution Department.

Meanwhile, Shinhan Financial Group retained most of its existing management. Since it restructured the holding company last year, there were not many changes this year.

Vice President Ko Seok-heon, who heads the strategy sector, and Vice President Lee In-kyun, who heads the operation sector, both have been reappointed. Vice President Park Hyun-joo, who heads the consumer protection sector (also serving as the head of the holding bank), Executive Director Kim Ji-on, who heads the audit part, and Executive Director Kim Jun-hwan, who heads the digital part (released from serving as the holding bank), were also successful in their reappointments.

Lee Young-ho, Executive Director of Compliance Support and Compliance Officer, has been newly appointed.