Executives are selected for 3 newly sold affiliates
The financial group also named two others as chiefs of Woori Aviva Life Insurance and Woori FG Savings Bank. Woori Financial Group affiliates were acquired by NH Nonghyup in the government’s privatization of Woori.
According to NH Nonghyup Financial Group, Kim Yong-bok, former vice president of NH Nonghyup Bank, was named as chief of Woori Aviva Life Insurance and Kim Seung-hee, former senior vice president of NH Nonghyup Bank, will head Woori FG Savings Bank.
“The nominees will be officially appointed at the end of this month after the shareholders’ meeting,” Nonghyup said in a statement.
The statement comes after the Financial Services Commission on Wednesday officially approved NH Nonghyup Financial Group’s acquisition. In December, NH Nonghyup was selected by the government over KB Financial Group to acquire Woori Investment and Securities along with the other two affiliates.
According to NH Nonghyup, Kim of Woori Investment and Securities “has managed the company smoothly since last July.”
“We decided to keep Kim in his seat after judging that it’s important to stably manage the business under the current leadership to maintain Woori Investment and Securities’ competitiveness and expertise as the industry leader,” said an NH Nonghyup official.
Kim Yong-bok was selected to lead Woori Aviva Life Insurance based on his experience in loan screening and customer management at NH Nonghyup Bank.
“He is the right person ... to prepare [a smooth] merge with NH Nonghyup Life Insurance,” the official said.
According to NH Nonghyup Financial Group, Kim Seung-hee also has experience in areas like bank marketing and human resources.
Meanwhile, the financial group said it plans to announce details on how it will maximize the acquisition and expand synergy with other affiliates of NH Nonghyup Financial Group.
BY LEE EUN-JOO [firstname.lastname@example.org]