NH Investment & Securities said its board of directors met on the 24th and approved a change in its CEO management structure, shifting from a single-CEO system to a co-CEO system.
The company said the move is intended to respond to its larger scale and more diversified business structure following its entry into the IMA (investment management account) business. It said it revamped its top management structure to enable faster, more efficient decision-making as capital markets grow.
Under the co-CEO system, the firm plans to strengthen accountability centered on key business divisions and raise division-level expertise. It said the change is aimed at improving execution and speeding decisions, while linking growth in client assets with investment banking capabilities to reinforce its mid- to long-term growth foundation.
The company said the board finalized the decision after several rounds of discussions, reflecting NH NongHyup Financial Group’s direction to upgrade governance at its subsidiaries. The board also reviewed expected benefits and potential risks from the shift and said it will put in place phased safeguards.
An NH Investment & Securities official said the company will operate a firmwide coordination function and strengthen internal controls so an expertise-based accountability system works smoothly. The official added that while responsibilities by business division will be clearly defined, companywide risk management and customer protection standards will be kept consistent.
The official said the change is a strategic choice to strengthen competitiveness over the mid to long term, not a short-term response, and that the company will use greater division expertise to connect expanding business opportunities to higher customer and shareholder value.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.