KB Securities said on the 29th that it carried out an organizational reshuffle to strengthen protection for financial consumers and shift its business toward productive finance.
First, it created a Consumer Support Department within the CEO-affiliated Consumer Protection Division to strengthen protection for financial consumers. It also newly placed a Security Compliance Team directly under the Information Protection Division to prevent security incidents and strengthen internal controls.
In the WM institutional sector, it set up a pension group reporting to the CEO and established headquarters in charge of individual and corporate pensions. The existing TAX Solution Department moved to the Family Office Department, strengthening asset management functions for ultra-high-net-worth (UHNW) clients.
In the IB institutional sector, it expanded and reorganized the Corporate Finance 2 Division to strengthen financing for mid-sized and small corporations. The existing PE New Technology Investment Division was renamed the PE and Growth Investment Division, and a Productive Finance Promotion Team was newly created. The real estate finance organization was downsized and reorganized.
In the S&T institutional sector, the trading group and the capital markets sales division were integrated into the capital markets group. The issuance-based short-term note operations were reorganized into a comprehensive finance division reporting to the CEO.
A KB Securities official said, "This organizational reshuffle focuses on strengthening growth drivers for each business institutional sector by proactively responding to changes in the financial environment, including stronger protection for financial consumers, productive finance, and the expansion of digital channels."