Shinyoung Securities has shifted to a sole CEO system under President Geum Jeong-ho.
According to the financial investment industry on Jan. 2, Shinyoung Securities switched on Dec. 31 from a dual-CEO system with Hwang Sung-yeop and Geum Jeong-ho to a sole system centered on Geum.
This is because CEO Hwang Sung-yeop was elected the new head of the Korea Financial Investment Association. Shinyoung Securities said in a disclosure on Dec. 31 that "CEO Hwang resigned due to taking office as head of the association." Chairman Hwang is expected to lead the association for three years starting this year.
President Geum Jeong-ho entered the financial investment industry after earning a bachelor's and a master's in business administration from Yonsei University and joining Tongyang General Finance in 1990. He later worked at Korea Investment & Securities Co. and moved to Shinyoung Securities in 2006.
Geum was promoted to president in Feb. last year after serving at Shinyoung Securities as head of investment banking (IB) and as executive vice president overseeing IB.