Lee Seok-won, former head of strategy at the National Pension Service (NPS) Fund Management Center, has been recommended to succeed Cho Jae-min as president of Shinhan Asset Management. After stepping down, Cho will remain with the company as an adviser.
The Subsidiary CEO Candidate Recommendation Committee (self-regulation committee) of Shinhan Financial Group said on the 5th that it has recommended former division head Lee as the new president of Shinhan Asset Management.
Born in 1968, the nominee graduated from the Department of Economics at Korea University, earned a master's degree at the same school, and later completed a doctoral program in business administration at Hansung University.
Lee began his career at Jang-eun Investment Trust Management, then worked at Mirae Asset Global Investments and KB Asset Management, and from 2011 served as managing director of the equity management division at VI Asset Management (formerly Hi Asset Management).
He moved to the National Pension Service (NPS) Fund Management Center in 2018 and held key posts including head of equity management and head of strategy.
The committee said, "He was the first to be recruited as head of equity management through an open call at the Fund Management Center, settled successfully, and went on to serve as head of strategy, and he is known in the asset management industry as a figure highly regarded for both expertise and leadership."
The new president will be finalized after verification by Shinhan Asset Management's Executive Candidate Recommendation Committee and approval by the board of directors and the shareholders meeting.
Meanwhile, President Cho Jae-min will serve as a company adviser for one year after his term ends on the 31st of this month. Cho is a representative long-serving executive in the domestic asset management industry, having served as CEO for 24 years, and previously headed Midas Asset Management, KB Asset Management, and KTB Asset Management.