The headquarters building of Daishin Financial Group in Jeodong, Jung-gu, Seoul. /Courtesy of Daishin Securities Co.

Daishin Securities Co. has tapped Executive Vice President Jin Seung-uk as the next CEO.

According to the financial investment industry on the 12th, Daishin Securities Co. is said to have decided on Jin as the candidate for the next CEO.

Jin joined Daishin Securities Co. in 1993 and held key posts including head of strategy support and CEO of Daishin Asset Management. The nominee is scheduled to be appointed as an inside director at the regular shareholders meeting in March next year and then officially take office as CEO.

Meanwhile, current CEO Oh Ik-geun has led the company through three consecutive terms since 2020. After the Lime Asset Management scandal, he stabilized the organization and is credited with laying the groundwork for Daishin Securities Co. to grow into a mega investment bank (IB). Oh is said to have expressed his intention to step down ahead of his term expiring in March next year.

A Daishin Securities Co. official said, "Because it is a matter to be resolved at the shareholders meeting, nothing has been confirmed yet."

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