Choi Kwang-jin, Executive Vice President and Head of Management at IBK Securities. /Courtesy of IBK Securities

Choi Gwang-jin, executive vice president overseeing management, has been tapped as the next CEO of IBK Securities.

On the 10th, according to IBK Securities, the Nominating Committee met the previous day and recommended Executive Vice President Choi Gwang-jin as the next CEO.

Choi previously served as head of investment banking at IBK Industrial Bank, head of the Western Regional Headquarters, and head of the CIB Group, and is regarded in the industry as a finance expert who supported the growth of the IBK Financial Group.

IBK Securities said Choi, while serving as chief operating officer (COO), actively pushed bank-securities synergy projects within the IBK Financial Group.

An IBK Securities official said, "Given that Choi has led the development of strategies to expand our role as a securities firm specializing in small and midsize enterprises, Choi will continue to contribute to the company's growth," adding, "With a field-centered management philosophy, Choi is the right person to boost employees' pride and contribute to the company's sustainable growth."

IBK Securities plans to appoint Choi as the new CEO at a shareholders meeting on the 30th.

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