Shin Jung-hyun, Head of Team of the Synergy Team and the second son of Shin Chang-jae, CEO of Kyobo Life Insurance, was promoted to executive director in SBI Savings Bank's second-half organizational reshuffle and personnel changes.
SBI Savings Bank on the 1st appointed Shin as head of the future growth office through an organizational reshuffle and personnel moves. The future growth office is a new unit overseeing the Synergy Team and the Future Vision Team, and it will not only strengthen SBI Savings Bank's competitiveness but also carry out roles such as discovering new businesses, mapping out a digital innovation roadmap, and establishing a global collaboration framework.
Along with this, SBI Savings Bank plans to step up efforts to create synergies with the Kyobo Life Insurance group. In April, the Kyobo Life Insurance group completed the acquisition by adding one share to 50% equity in SBI Savings Bank.
SBI Savings Bank said, "The organizational reshuffle and personnel changes will put the two companies' synergy creation and business competitiveness enhancement on a full-fledged track."