Shinhan Financial Group (KRX:055550) reshuffled its leadership, replacing nine of 13 subsidiary heads whose terms expired, and appointing five new chief executive officers promoted from department roles, Pulse News reported Friday.
Park Chang-hun became the CEO of Shinhan Card, replacing Moon Dong-kwon, and Vice President Lee Sun-hoon stepped up as CEO of Shinhan Securities. Shinhan Bank President Jung Sang-hyuk was reappointed, alongside insurance leaders Lee Young-jong and Kang Byung-kwan, the report said.
Shares of Shinhan Financial Group fell more than 1% at market close on Monday.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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