[아시아경제 조강욱 기자] The keywords for personnel in the financial sector this year are summarized as’stable, digital, and slim’. This is because digital innovation is accelerating as the trend of untact spreads due to the prolonged period of the novel coronavirus infection (Corona 19). In particular, it can be interpreted that the company focused on stability by empowering the existing management to retain and reappoint rather than change, while the uncertain internal and external environment persists. Here, it is analyzed that the management strategy was established in the direction of maximizing efficiency through organizational slimming.
According to the financial sector on the 25th, among the major financial holding companies in Korea, KB, Shinhan, and Woori Financial Group completed their year-end greetings.
Shinhan Financial Group, who was the first to greet the company on the 17th, recommended most of the CEOs of major subsidiaries in succession, empowering the group’s management stability. It was decided to remain the CEO of 11 out of 14 affiliates.
In particular, the group’s key subsidiary CEOs, Shinhan Bank Jin Ok-dong, Shinhan Card President Lim Young-jin, and Shinhan Life Insurance President Seong Dae-gyu, recommended a two-year new term and a new term. These CEOs have an opportunity to improve their responsiveness to the difficult business environment facing each company, discover new business opportunities and lead innovation with a longer view.
An official of Shinhan Holdings said, “If the CEO’s term of office is usually two years for new appointments and one year for consecutive tenures, there is a side that focuses on short-term performance relative to the mid- to long-term strategy.” If so, the CEO will have ample time to demonstrate leadership, which will strengthen responsible management centered on the CEO of the subsidiary.”
KB Financial Group has also confirmed that it will be the representative of 7 out of 10 affiliates. KB Securities, KB Kookmin Card, KB Capital, KB Life Insurance, KB Savings Bank, and KB Investment continue the system of representatives of Park Jeong-lim, Kim Seong-hyun (plurally representative), Dong-cheol Lee, Hwang Su-nam, Heo Jeong-soo, Shin Hong-seop, and Kim Jong-pil, respectively, and their terms of office are all one year. to be.
With the three consecutive appointments of KB Finance Chairman Yoon Jong-gyu and Kookmin Bank Chairman Huh In, this is interpreted as a measure to secure synergy and stable management among affiliates. The spread of Corona 19 also seems to have had an effect on the fact that management stability is the most urgent period.
In particular, KB Finance re-established the position of vice chairman of the holding company 10 years after 2010 as part of stabilizing the group’s governance structure. As the vice-chairman, Yang Jong-hee, CEO of KB Insurance, was selected. The term of office is one year.
NH Nonghyup Finance recommended Son Byung-hwan, president of Nonghyup Bank, as the new chairman. It can be interpreted that the company tried to stabilize the organization by raising the existing bank president as chairman while breaking away from the’conservative’ image along with the controversy of’Kwanpia’.
In the case of Woori Finance, all except one of the representatives of the four affiliates whose terms of office expire at the end of this month were replaced. Kim Jong-ki, the current vice president of Woori Financial Group’s business management division, as the next Woori Card CEO candidate, Kim Seong-jong, the current Woori Bank IT group leader, as the next Woori Card CEO candidate, Park Kyung-hoon, the current Woori Financial Group vice president, the next CEO of Ajou Capital. Each recommended. Kwang-Hae Choi, CEO of Woori Financial Management Research Institute, reappointed.
The key is whether Kwon Kwang-seok, president of Woori Bank, will continue to be appointed. Chairman Kwon, who took office earlier this year as a’one-year term’, lasts until next March. In the industry, it is expected that Chairman Kwon’s reappointment will be dominant, like other financial holding companies seeking stability.
The financial industry personnel are also deeply related to digital innovation, which is the challenge of each financial company.
In particular, Chairman Son, who was nominated for the president of NH Nonghyup Finance, managed the Nonghyup Bank, and operated 8 agile organizations in 5 divisions including Allone Bank Center Cell (Cell) to promote digital transformation efficiently. Along with the data division, a dedicated artificial intelligence (AI) organization was also established. A non-face-to-face Personal Asset Management (PFM) service has also been opened. It also built an industry-oriented green finance ecosystem such as the Nonghyup Finance ESG (sustainability management) model.
Shinhan Bank President Jin Ok-dong accelerated Digital Transformation (DT) to raise Shinhan SOL to the No. 1 digital platform competitiveness among commercial banks, and recommended consecutive appointments in recognition of his achievements in pursuing innovative new businesses that transcend the realm of the banking industry through the launch of the Digital Innovation Group. done.
Shinhan Card President Lim Young-jin was also recognized for his ability to create outstanding results by concentrating manpower and resources on future core businesses such as My Data and My Payment and leading DT in the card industry.
KB Kookmin Card President Lee Dong-cheol, who succeeded in serving three consecutive years, also led digital innovation by investing 100 billion won for two years to build a next-generation computer system and introduce a simple payment platform’KB Pay’.
Previously, KB Finance Chairman Yoon Jong-gyu, who succeeded in serving three consecutive terms in September, cited global and digital as key keywords for the 3rd management initiative. Chairman Yoon presented the provision of’comprehensive financial services’ in order to gain a competitive edge in the digital sector.
One of the HR keywords is the pursuit of management efficiency through organizational slimming.
Shinhan Finance has established an institutional mechanism so that vice president-level executives can practice responsible management in each sector by reducing the management position system, which had been operated in the three stages of vice president, assistant vice president, and executive director, to the two stages of vice president and executive director.
In addition, the group’s business management division integrated and efficient the management functions of the holding company, which were scattered in teams such as strategy and finance. In particular, by establishing a platform for sharing key management issues of the group and subsidiaries with the department in charge of compliance support and audit, we will strengthen pre- and post-monitoring and establish a process to ensure the protection of financial consumers.
Woori Financial Group also carried out reorganization and executive personnel to focus on slimming the organization of holding companies and banks.
The current ‘7 divisions -2 divisions -5 general management’ system was slimmed down to ‘8 divisions -2 divisions’ to reduce the number of executives by 4, and divisions were also consolidated to reduce 5 units. In addition, in order to increase the efficiency of the group’s core business management, the asset management, global, and CIB business divisions were abolished, and related tasks were integrated in the business growth division.
Woori Bank also began to’slim the organization’ by reducing three business groups and reducing the number of executives (excluding executives and standing audit committee members) from 23 to 20.
Following the expiration of the term of office of Hana Financial Group Chairman Kim Jong-tae in March next year, Hana Financial Group determines the next presidential candidate, and then selects the final candidate for the representative director of the affiliate through the Group Executive Candidate Recommendation Committee. It is expected that the CEO greetings of major affiliates will be given through the post-cold meeting in January of next year and the Im-cold meeting in February.
Hana Bank President Ji Sung-gyu and Hana Financial Investment President Lee Jin-guk will serve until March next year. As other financial holding companies have chosen the succession of CEOs of affiliates to prepare for the prolonged COVID-19 outbreak, there are observations that Hana Financial will also choose’Stable’.
Reporter Jo Kang-wook [email protected]