iM Securities said on the 31st that it carried out a regular organizational restructuring and personnel changes to pursue innovation management aimed at maximizing capital efficiency next year.
The overhaul focuses on expanding profitability through reorganizing the sales organization, strengthening capabilities in traditional investment banking (IB), building a solid retail leap and expanding marketing capabilities, and securing future innovation engines.
First, the company will expand its brokerage business that can generate stable revenue without directly injecting capital. To that end, it will place the financial products corporate department under the sales planning division and establish a custody solutions department to expand low-risk revenue-source businesses.
To strengthen competitiveness in the traditional IB sphere, the IB division was broken down by function, and the ECM department was organized as IB Division II. As a result, IB Division I will focus on DCM operations and IB Division II will focus on ECM operations.
In the real estate project financing (PF) syndicate, a PF management team was newly established to ensure thorough restructuring and normalization of existing business sites. The Wholesale division was reorganized into the S&T (Sales & Trading) division, and a securities lending swap department was organized to strengthen portfolio management capabilities.
The retail division clearly separated sales and support functions. The aim is to strengthen expertise and capabilities in each division. The Retail division was reorganized into the retail sales promotion unit, and a sales promotion department was placed to focus on field-centered sales promotion. In addition, a marketing division was newly created to integrate and organize the marketing planning department, product and pension department, overseas securities department, trust department, and wrap management department.
In addition, the management support office was changed to the management innovation unit, and a future innovation department was established under it. It plans to lead companywide innovation and new business planning to expand the company's future competitiveness.
Seong Mu-yong of iM Securities said, "This organizational restructuring focused on securing growth engines to leap into a sustainable, solid company and strengthening functions on the support side," adding, "Through innovation management based on capital efficiency, we will ensure steady growth that does not falter amid market changes."