[Korea financial newspaper Choice reporters] last year, bank, securities and cards, insurance, capital and financial group of major asset management subsidiary chief executive officer (CEO) strengthening non-banking sector in the management council back hair (KB Finance), integrating acceleration ( HFG) showed that such a debate. Global expansion, including Southeast Asia (JB finance), big data and artificial intelligence (AI), such as pin-tech propulsion (SFG), also discussed were interested in group-wide challenges for.
◇ KB 23th most active financial year
19 days Disclosure of bank holding the Korea Federation of Banks seven (KB · Shinhan · One · Agricultural · JB · BNK · DGB Financial) According to the 2016 'governance and remuneration systems Annual Report "data, the last management meeting number most were many places were counted as KB financial group (23th), and the group management Committee established in 2015 with the corporate governance reform.
Shinhan Financial Group 13 meeting management meetings, one held a nine financial management council meeting. Management of the Group Management Committee and the Finance Committee of the DGB Financial BNK also been held five times each, three times. Agricultural finance has also held once.
Management group name is different in each council can be said chief executive advisory body to worry ways to improve the synergy between the holding company and its subsidiaries. Group, dissolution, transfer of business from the annual management plan of the subsidiary, division, merger, new businesses and strategic alliances, groups, common Article, opening and closing of the bylaws that apply, the management needed on group-wide co cope with the impact on two or more affiliates details such as this discussion is the target.
KB Financial was found spilled into force in promoting non-banking securities and insurance sectors, including influential in last year's group management committee. A total of 23 meetings with the main resolutions integration KB Securities Hyundai Securities launched its subsidiaries for the transfer of, KB casualty insurance subsidiaries, including capital increase, important changes in the business structure, including the dividend plan details were discussed in the meeting.
Another major consideration was made to include the opening and closing of the bylaws, common to KB Kookmin Bank Investment ilimeop registration (draft), the holding company and its subsidiaries. Yunjonggyu KB Financial Chairman meantime, non-banking portfolio by expanding on the management committee can be seen dwaetdago subsidiary presidents have used as a place to gather together the ideas of group-wide collaboration. KB Financial Group has also started three companies holding a concurrent position in the banking, securities in Wealth Management (WM), and corporate and investment banking (CIB) division this year.
Financial integration is one such issue was still important subsidiaries incorporated with an integrated finishing bank affiliates. Among last year's nine times council Co., one holding subsidiary incorporated in Asset Management (twice) and other related companies incorporated and Co., a financial investment (shares) one gift merger (4 times), Ltd. Hana Financial Management Institute Co., one of my previous bank (9) have risen to such a meeting. One ahyiaen Estonian Indonesian local IT incorporation and grandson holding company incorporated (plan) (7) was also included. Hana Financial has established and operates a management meeting last 2015 years.
In the case of Shinhan Financial Group which has conducted a business meeting since 2011 stands out and find food corresponding to the new financial environment.
A total of 13 times in the report made during the meeting including the big data and artificial intelligence (AI) a new paradigm · IBM Watson case centered artificial intelligence and financial industry (4 times) of times, junggeumri credit Group Strategy Review (draft) (6 times ), ultra-competitive - New normal crisis and 21st century management (10) this was noticeable. Another group integrated rewards program (report), Group Capital Markets Competitiveness Plan was also emphasized collaborative projects such as the Group-wide (review).
JB The financial highlights have been discussions about global expansion. Group plans overseas expansion, of course, been included JB overseas expansion plans dealing with high-margin products in our capital. Group-wide Asset Management (WM) Synergy council, junggeumri lending strategies, and cost-effectiveness (CIR) management measures, such as promotion of banking subsidiaries were also mentioned (Jeonbuk, Gwangju) requirements.
BNK financial year even three times to open the Group Management Committee 'to-bank (South Gyeongsang Province and Busan Bank) - One Process "consultation took place between the holding company and its subsidiaries, including management issues standardization work for the building.
◇ health foundation above 'the world', 'New Project'
Financial Group had finalized a business plan and business objectives in 2017 through the end of last year, the Board of Directors. The main groups are the Board of Directors to evaluate the new business policy based on establishing and maintaining capital adequacy, risk management, it focuses on digital innovation.
KB Financial Group has set up a " 'one (One) -KB' customer value through the implementation of" a strategic direction. The four direction is to provide customers the best value △ △ discriminatory synergies achieved one group above △ comprehensive competitiveness by creating a dynamic business platform implemented by leading financial future through constitutional △ Improvement of digital innovation for achieving such a strategy was proposed.
KB Financial Group said, "Business Strategy and enhance revenue changchulryeok through profitable growth linked, cost structure, productivity enhancement through the improvement, risk management, stable earnings management by strengthening capital management efficiency and growth based on securing an emphasis in management planning policy It said it will pursue. "
Shinhan Financial Group presented the seven strategic tasks for the medium-term strategic goal of "leading banking group consolidation phase" and "build success based on the Asian market." First, change the digital (digital transformation) has a digital innovation, the group integrated digital marketing system strengthening, the financial information of the digital ecosystem deployment based on business sectors. Magazine said even preemptive risk management. Strategically manage the portfolio according to risk, profitability and operating system was to enhance the reliability and information security. Nurturing future talent based on the so-called 'Shinhan WAY' for an open organization culture was also included as a challenge.
In addition, emphasis was also promoted development of customer assets, such as return on investment yield differentiated and leading products and new businesses. In addition there are also localization (glocalization) level of sophistication, customer group, channel unified, strategic cost reduction and redeployment of resources point of view.
One of the financial year, including the business plan was to maintain capital adequacy and proactive risk management, customer base expansion, core earnings-based enhanced, cost-efficiency in the cardinal directions. Hana Financial Group were presented to ensure △ △ innovative growth initiatives to strengthen profit-based business portfolio optimization △ △ △ preemptive risk management ethics spreading to achieve business goals.
Southeast Asia has accentuated global expansion strategy as pronounced. JB has decided to finance in the year 2017, management objectives and strategy-oriented "civil and Midwest of the best small center specializing in retail banking group." JB Finance official said that "beyond the Western economies (metropolitan area) strengthened links with Southeast Asian belt and will seek domestic and international portfolio diversification."
JB Finance has decided to pursue profit-oriented portfolio, adjusted for capital costs such as risk-weighted assets (RWA), provision and manage the integrated risk groups preemptively. Another unique pin JB Tech (Fintech) Policy Focus also comes to raise ecosystem, Digital Strategy Group.
Financial cooperatives have heard out of the "Leap global cooperative financial group representing Asia," this year vision. Strategic objectives for this was set up as "financial cooperatives founding leap forward" to overcome the financial crisis last year. Agricultural finance officials said would "promote the building sustainability into focus based initiatives, business competitiveness, securing new growth engines, financial cooperatives established DNA."
Also BNK finance "Future Innovations Financial Empowerment" and "integrated risk management based on capital efficiency," the, DGB Financial Group "digital financial base expansion, competitiveness of the non-banking sector consolidation, global, metropolitan base expanding, group business diversification," the challenge It was presented as.
Since establishment in 2000, the Financial Holding Company Act, the financial group collaboration system has been cited as a continuous gotta topic. Fact that, according to "domestic financial holding company development plan for the leap into the global banking group 'Report of the Korea Institute of Finance (Kif), are operational organization of the limitations of the domestic financial holding" of governance fragility, its subsidiaries central evaluation and compensation. " , institutionally-constrained environment is being cited as the "subsidiary information sharing between pharmaceutical, back office integration synergy Pharmaceuticals, a subsidiary, star eopgwon central supervision."
Korea Institute of Finance Lee Si-yeon researcher "Concurrent-business consignment of proactive deregulation, information sharing, regulatory transition, governance regulations supplement, to enable the business problems through the five ways to back office integration performed supervision to improve synergies based the goal was to make an analysis called "Governance to strengthen the functions and responsibilities of landlords.
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
