KEB Hana Bank said Dec. 27 that its recent reshuffle involved the promotion of Chi Seong-kyu, managing director of the China Hana Bank, and Hwang Hyo-sang, head of the Risk Management Group to vice presidents.
Vice president Chi, now in charge of the Global Operation Group, born in 1963, is a graduate of Yonsei University in Seoul. He started his banking career with the now defunct Hanil Bank in 1989 and came up through the rank and file. He became assistant vice president in charge of the Global Strategy Office of Hana Financial Group and head of the China Hana Bank Establishment Team, among the important jobs he held.
Vice President Hwang, born in 1960, is a graduate of Sungkyunkwan University in Seoul, joining Korea Exchange Bank to start his banking career in 1983. He held important positions with the bank including head of the Credit Planning Team and Manager of the Strategic Planning Group. He came to Hana Bank when KEB was taken over by the former. He led the risk management team of KEB Hana Bank for five years as assistant vice president.
Vice President Chang Kyung-hoon, in charge of the Individual Customer Group, and Vice President Han Jun-seong of the Future Financing Group, have been retained in the reshuffle.
KEB Hana Bank denied in mid- 2017 speculation that it was considering selling a significant stake in its China unit. The Korean Economic Daily said that Hana Financial Group Inc. Chairman Kim Jung-tae and KEB Hana Bank President Ham Young-joo recently met with CEFC China Energy Company Limited Chairman Ye Jianming in Seoul and talked about the sale of shares in KEB Bank (China) Co., Ltd. Citing an unnamed source, the report said KEB Hana was "carefully" considering the sale.
The report said the China unit's deteriorating profitability prompted the talks on the stake disposal. Regarding the report, KEB Hana said the CEFC chairman came to Korea for a separate purpose and the meeting was a courtesy. "The bank is not considering selling its stakes in the Chinese subsidiary," a KEB Hana official said. "To our knowledge, Chinese regulations prohibit a foreign financial firm from selling its stakes to domestic entities."
KEB Hana Bank, together with its subsidiaries, provides commercial banking, trust banking, foreign exchange, and merchant banking services to retail and corporate customers in South Korea and internationally.
The company accepts current, savings deposit, foreign currency deposit, demand deposit, time deposit accounts, and certificates of deposit; and grants mortgage loans, overdrafts, collateral loans, and trade finance, as well as foreign credit loans.
It also provides asset management services; investment and management service for NPL assets backed securities; trust accounts; and other financial services. In addition, the company provides investment banking and capital markets services, such as arrangement of project financing and other international bond issues and syndicated loans; arrangement and advisory services relating to issuances of asset-backed securities; real estate financing and advisory services; and acquisition financing and financial advisory services.
Further, it offers bancassurance services; electronic banking services, including Internet and telephone banking, and ATM services; and bill paying and payroll services. As of Dec. 31, 2016, it operated 862 domestic branches and 77 domestic sub-branches in Seoul; and 17 international branches, 2 international sub-branches, and 5 overseas representative offices. The company was formerly known as Korea Exchange Bank and changed its name to KEB Hana Bank in September 2015.
The company was founded in 1967 and is headquartered in Seoul, South Korea. KEB Hana Bank operates as a subsidiary of Hana Financial Group Inc.
_황효상.jpg)
