Attracting [Korea Seo Hye Rin nine financial newspaper reporters - after the General Meeting of Shareholders of whether the securities reappointed CEO, replacing determined, they say they possess the independent careers and securities business elected as President's attention.
Shinhan Investment has appointed a former banker Kim Hyeongjin Shinhan Financial Group Vice President in the last 17 days as CEO. The President inaugurated the same day at HMC Investment Securities Lee Yongbae vice president in a long period of general financial services career in Hyundai Motor Group was decided. Currently home to 17 of the major brokerage firms with an independent career and CEO of Samsung Securities is the main business, Kiwoom Securities, Hanwha Securities, Eugene Investment & Securities 4 companies.
The Kim Hyeongjin, haejimyeon The president appointed the vice president Lee Yongbae will increase to a total of 6 properties.
◇ Securities career 無, light and shadow
Kim Hyeongjin boss 59 is Shinhan Man. After graduating from Yeungnam University Department of Economics in 1983 and iphaeng Shinhan Bank, Shinhan was under the roof of 33 years to become the president of Shinhan Investment.
Which this time was a member of Shinhan Bank longest. Osaka branch point (deputy), Dong, Seocho Branch (Branch Manager), has undergone a Pungnap-dong branch (branch manager), he has moved gotta appointed as personnel director in 2004, Shinhan Bank headquarters. Since corporate value through innovation Chapter naeteumyeo not buhaengjang Shinhan Bank in 2009, in 2013 he was elected as vice president SFG.
If President Kim Hyeongjin walked oegil as a banker boss Lee Yongbae (56) is greeted only matahon a dedicated group management tasks. The President has a modern bar matahon automotive management implementation, management planning through the Vice President of Finance and Planning, Hyundai Wia, procurement and management support staff. Since May last year, HMC Investment Securities served as Executive Vice President of Sales.
Two common greeting is that no securities-related careers. If the president Lee Yongbae 10,009 months jinaetji the HMC Investment Securities, Vice President, there is insufficient view as the main business career. Experts whether the core business career when appointed CEO says not a major consideration. Rather, such a deal makes business philosophy gravity is described.
Governance Institute official said, "Outside Directors guidelines while dealing heavily with core business career, President and CEO appointed is not picky this standard." But, he added, "the only part of the problem, because quite a few cases of Shinhan Investment Department personnel with financial career, HMC Investment Securities to be recognized as a revolving door personnel".
It does not have as much experience in core business banking comes Assessment that is controversial. Ganggyeonghun Dongguk University School of Management Professor "for the risk management philosophy and knowledge are needed," he said explained that "the financial sector is to the shareholder or officer picky eligibility screening because of a strong pageupryeok for consumers than other eopgwon".
He pointed out that "while it is the understanding of LG Card president of industry in the past was elected as a low-toed greeting card chaos typical teacher practices." On the other hand, there also comes a long period of observation expectation built up expertise in other eopgwon be a boon to fit into each of four.
Shinhan Investment Corp. official engagement as wearing a "Kim Hyeongjin, president of Shinhan data is known to the system, the president based on the former experience in high digital sector understanding," he said. "Currently Shinhan Investment nerve in the fourth round of industrial revolution Related Business Kim the President explained that the atmosphere that expects sewojul an appropriate strategy in the digital environment. "
The last 17 days in the inauguration President Kim Hyeongjin emphasized promoting 'localization text (Glocalization)'. This means suggesting to have a clear vision for the digital industry in the fourth round of revolution in words, synthetic localization and globalization expand the securities area. Kim said "should be assets to digital innovation across the business, including risk management, financial investment industry, we provide our customers with the best form of individuals," he said.
HMC Investment Securities has passed a proposal to change the mission president elected with eye HMC Investment Securities. The future is expected to be a gathering capability of putting them Lee Yongbae president of the body for a long period of time the group exhibited in the business sector with Hyundai Motor headquarters.
HMC Investment Securities official said, "Although the securities concerned lovely part about the industry that is not a relevant experienced, Hyundai-Kia Automotive Group, and many things like that which greeted the group seem to be able to buy daepyoyi synergies."
◇ 18 days after taking office, do we communicate and Management
Communication with employees is the key to pangareum the competence of the CEO. Two new president in relations with trade unions is envisaged that a seamless communication.
HMC Investment Securities trade union official "finished the labor negotiations in the last 23 days immediately after the President took office Lee Yongbae, will be 2 car on April 3," and added, "In the meantime I'm sorry dialogue itself, after turning into Lee Yongbae President systems have changed parts, "he said.
In the second negotiation, it will embark on negotiations with the president mainly salaries and welfare needs. Specifically, the main point to be taken as the point youngeopjik salary hike of 8.7%, 4.2%, Headquarters Salary increases, salary increases in benefit levels are the lowest office organization dedicated frozen for seven years.
This hike requires a level lower than the point youngeopjik In the case of 4.5% in 2013 and headquartered dwaetgi salary increase. Bonus payment scheme also plans to request changes to the existing fixed bonuses fluctuations bonuses. In addition, information is also included asking insago the guarantee benefits such as student loans, medical bills, employees received a D grade.
Shinhan Investment unions but President Kim Hyeongjin surrounding the inaugural set a scanning line and daeripgak current was concluded that welcomes the inauguration. At the time of the inauguration of President Kim decided Shinhan Investment Bank is a strong union struck receive doendamyeo the securities can not be president.
Union official said: "If the haengjang from taking the Shinhan Financial Group affiliates should go to the professional manager system," pointed out that "there is affiliates can be used to keep a place in the financial holding level."
Current official "dwaeteumyeo pierced the demands of the union, was finished by welcoming President Kim took office," he said. But watch how instructive discussion developed in the future status negotiations, labor negotiations since the inauguration of two new president seems to be proceeding smoothly.
◇ mountains to overcome last year's report card
It recovered last year, worsening the performance is the biggest homework given both before the new president. The securities industry last year received a negative report due to retail earnings and bond losses.
For Shinhan Investment Corp. last year, operating profit of 143.8 billion won, down 44.8% from the previous year, net profit was 115.4 billion won, sales decreased 46.4% reported a 668.1 billion won, down 23.2%. In addition, trading revenues were self-recorded 95.9 billion won to 70.5%, fee income also decreased 11.2% 399.7 billion won a plunge. SFG within the non-bank portion of profit contribution was reduced by half from 8% in 2015 to 4% last year.
If the HMC Investment Securities, last year, 52.8 billion won in operating profit, down 22.6% from the previous year, net profit was 39.8 billion won, sales decreased 21.0% reported a 563.4 billion won increased by 1.4%. Decline is small compared to Shinhan Investment Corp., has recently been again raised other issues. According to NICE credit rating, HMC Investment Securities was cited as one of six companies that have debt over equity ratio exceeds 500%. Because derivatives securities issuance size.
The concern is that while the upward pressure on market interest rates increased to US interest rate hikes, to bond losses when interest rates increase government bond was raised.
Even considering the base effect caused by the stock market boom in 2015 year performance record for each brokerage is tragic. Two new president is a passage to the expectations and concerns about how do I cross to overcome the current situation.
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