The subsidiary CEO candidate recommendation committee of Shinhan Financial Group (hereafter the committee) said on the 5th it recommended Cheon Sang-young, vice president in charge of the group finance division at the holding company, as the new president of Shinhan Life.
Born in 1969, Cheon joined Shinhan Bank in 1994 and served as head of the Daerim Jungang branch, head of global business at Shinhan Card, and Deputy Minister at Shinhan Financial Group.
The committee on the day recommended Lee Seok-won, former head of strategy at the fund management headquarters of the National Pension Service (NPS), as the new president of Shinhan Asset Management. According to the holding company, Lee is an asset management expert who was recruited as head of equity management through an open call for the first time in the fund management headquarters' history, successfully settled in, and went on to serve as head of strategy.
Lee Seung-su, president of Shinhan Asset Trust, and Kang Byung-gwan, president of Shinhan EZ General Insurance, were recommended for another term ahead of the end of their current terms.
The candidates recommended by the committee will undergo vetting for qualifications and suitability by each affiliate's executive candidate recommendation committee, among others, and are set to be finally appointed at each company's general shareholders meeting and board of directors.