NH Investment & Securities said on the 10th that it carried out a reorganization and executive appointments to build organizational capabilities to achieve its management goal for next year of "sustained return on equity (ROE) of 12%."
In the retail division, the company focused on establishing an independent accountable management system and internalizing the "AI great transformation" (AX). It converted the existing WM division and digital division into independent accountable management systems to strengthen responsibility and authority for growth by channel.
The Retail business oversight division was abolished and a channel solutions division was newly established. The company plans to provide product and content solutions while expanding integrated pension business for individuals and corporations. In particular, the digital division was reorganized around a mission-based cross-functional structure to internalize AX and secure digital asset management capabilities.
In the IB division, the company reorganized to focus on core competencies while strengthening internal controls. IB1 Division was renamed IB Division to serve as an organization specialized in corporate finance, and IB2 Division was renamed Real Estate Infrastructure Division with expertise in real estate and infrastructure finance. In addition, the structured finance department's issuance note and retirement equity-linked bond (ELB) bond management functions were transferred to the asset management division to strengthen internal control systems and completely block risks of conflicts of interest.
In the asset management division, the company pursued a reorganization to build a virtuous cycle structure for customer funds. It integrated the management functions transferred from the IB division with alternative asset investment functions and established an issuance note management department to lay the foundation for an integrated management organization. Through this, it plans to improve profitability and build a virtuous cycle structure for customer funds, expanding its investment spectrum to venture capital and overseas private lending.
In the wholesale division, to ensure completeness of the prime brokerage value chain, the Swap Team was reorganized into the Swap Division, and the Hong Kong swap desk was brought under it.
In addition, in the companywide support division, the Financial Consumer Protection Headquarters was changed to a division to strengthen core competencies for sustainable growth. The company plans to strengthen consumer protection functions in line with the policy stance of financial authorities going forward.
A NH Investment & Securities official said, "This reorganization focused on maximizing the growth potential of the core businesses of 'retail-IB-asset management-wholesale,' while strengthening a virtuous cycle structure using customer funds."
Meanwhile, NH Investment & Securities also carried out executive-level appointments that day along with the reorganization. The personnel details are as follows.
◇ Senior managing director (junior grade)
▲ Head of Central-Western Headquarters Hwang Tae-seok ▲ Head of Digital Asset Management Headquarters Lee Sil ▲ Head of Information Security Headquarters Lee Seon-gyu ▲ Head of IT Headquarters Park Gi-chun ▲ Head of Financial Consumer Protection Division Noh Sang-in
◇ Executive managing director
▲ Head of Wholesale Division Lim Gye-hyeon ▲ Head of Management Strategy Headquarters Park Seon-hak
◇ Managing director
▲ Head of Finance 1 Headquarters Choi Seung-hee ▲ Head of Eastern Headquarters Lee Jae-yeol ▲ Head of ESG Headquarters Lim Cheol-soon ▲ Head of Syndication Headquarters Cho Hyeon-gwang ▲ Head of Product Solutions Headquarters Jeon Dong-hyun ▲ Head of Real Estate Finance Headquarters Park Yu-shin ▲ Head of Industry 2 Headquarters Choi Min-ho
▲ Head of Channel Solutions Division Lee Jae-gyeong ▲ Head of IB Division Kim Hyeong-jin ▲ Head of Industry 1 Headquarters Hong Guk-il ▲ Head of Strategic Asset Management Headquarters Kim Jung-gon ▲ Head of Operation Innovation Headquarters Kim Gyu-jin