Korea Investment Holdings said on the 31st it will implement an organizational reshuffle and regular executive appointments across affiliates. The personnel moves are part of a strategy to expand its leading role in the financial market and further solidify the foundation for sustainable growth. Korea Investment Holdings emphasized it focused on strengthening business competitiveness by reallocating talent with expertise.
Korea Investment Holdings promoted Chung Young-tae, managing director (junior) and chief risk officer, to managing director and had Chung concurrently serve as head of the RM Office. Compliance officer Cho Shin-gyu, also a managing director (junior), was promoted to managing director and will concurrently head the Compliance Support Office under the department. Executive director Yang Hae-man was appointed as the new head of the Investment Management Office. Managing director Kim Young-woo was named head of the Management Control Office, and managing director Sohn Hae-won was appointed head of the Management Support Office. Vice President Yang Tae-won will lead the newly created New Business Promotion Office.
Korea Investment & Securities Co. promoted Kim Do-hyeon, head of the retail client group, Kim Dong-eun, head of the wholesale division, and Lee No-jeong, head of the PB1 division, to executive director. It also promoted Moon Choon-geun, head of the communications division, Park Jae-ryul, head of the PF1 division, Yang Won-taek, head of the investment products division, Lee In-seok, head of the FICC division, Jeon Eung-seok, head of the corporate planning division, and Shim Dong-gyu, head of the PB strategy division, to managing director. Ten new executives were assigned, including Vice President Kim Gwang-ok, head of the IB group, and Executive Director Kang Chang-ju, head of the global business division.
In particular, Korea Investment & Securities Co. carried out a strategic organizational overhaul to achieve a commanding market position and establish a foundation for sustainable growth. First, the retail client group will restructure to innovate the retirement pension business and strengthen corporate asset management. To that end, it renamed the Retirement Pension Operations Division as the "Pension Innovation Division" and the Financial Center Division as the "Corporate WM Division."
The investment banking (IB) group created a dedicated unit, the "Global Acquisition Finance Department," under the IB4 division to promote domestic and overseas acquisition finance. The real estate project financing (PF) group, in step with market realignment around major firms, newly established the "Real Estate Finance Office" to further enhance organizational expertise.
The newly created "Portfolio Management Group" will integrate operations by housing the comprehensive finance division and the integrated managed account (IMA) function. Through this, it plans to concentrate mid- to long-term portfolio investment functions.
Korea Investment & Securities Co. said the investment finance division, the FICC division, and the Macro Trading division were moved to report directly to the CEO, improving the efficiency of the organizational structure.