Lee Jae-geun, the president of the National Bank, speaks at the ceremony for the establishment of the Climate Technology Fund held at the Bank Association Hall in Jung-gu, Seoul, in Apr. /Courtesy of News1

KB Financial Group announced on the 26th that it has carried out an organizational restructuring and executive appointments. As a result of this appointment, Lee Jae-keun, the current chairman of KB Kookmin Bank, will move to the position of global head of KB Financial Group, while Lee Chang-kwon, the current president of KB Kookmin Card, will take on the role of head of the digital and institutional sector.

KB Financial Group also rearranged its organization to strengthen the customer and digital sectors. It elevated the consumer protection organization, under the compliance officer, to a headquarters-level organization directly under the CEO. A new Digital Innovation Division overseeing digital platforms, artificial intelligence, and data was established. The previous organizational structure, which consisted of 3 sectors, 7 divisions, 6 headquarters, and 30 departments, will change from next year to 3 sectors, 8 divisions, 4 headquarters, and 31 departments.

KB Kookmin Bank also carried out appointments and organizational restructuring. Among the new management team of 21 members at Kookmin Bank, 20 are individuals born in the 1970s, and a new executive born in the 1980s was also appointed.

In addition, Kookmin Bank reduced its previous structure of 31 headquarters and 139 departments to 27 headquarters and 117 departments for efficiency enhancement, and recruited external AI experts from LG and NCSoft.