Han Yong-gu recommended to be Shinhan Bank CEO

A Shinhan Financial Group board committee recommended Han Yong-gu as the new Shinhan Bank CEO, the company announced on Tuesday.

HAN YONG-GU

A Shinhan Financial Group board committee recommended Han Yong-gu as the new Shinhan Bank CEO, the company announced on Tuesday.

Han, deputy president at the bank, was recommended for the role at a time when flexible leadership is needed, which includes overcoming internal and external crises and proposing a future vision for the bank.

Han has a good understanding of banking products and sound management skills. The company pointed to his relationship-building abilities and a strong drive in his past roles as a sales manager.

Personally visiting all branches to gather employee opinions was noted, the company said.

Shinhan Bank CEO Jin Ok-dong has been recommended to be the next chairman of Shinhan Financial Group.

MOON DONG-KWON

Moon Dong-kwon, Shinhan Card deputy president, was recommended as the company’s CEO.

His ability to build and operate business plans flexibly and his stable management helped in achieving solid growth for Shinhan Card, according to Shinhan Financial Group.

His push towards innovation, including the expansion of customer experience using open banking and MyData, was also mentioned.

MyData is a government-led project that allows licensed service providers to collect and analyze personal data scattered across accounts and different institutions.

LEE YOUNG-JONG

Lee Young-jong, head of the retirement pension group and deputy president at Shinhan Financial Group, Shinhan Bank, Shinhan Securities and Shinhan Life Insurance, was recommended to be CEO of the insurer.

Lee played a key role in Shinhan Life Insurance’s merger with Orange Life Insurance, the former Korean unit of ING Life Insurance.

If the recommended candidates are approved by the at the shareholder meeting, they will take on the role for two years. Their terms will start on Jan. 1.

BY JIN MIN-JI [jin.minji@joongang.co.kr]