Financial Services Commission Chairman Lee Eok-won on Thursday nominated Jang Min-young, chief executive of IBK Asset Management, for appointment as the new head of the Industrial Bank of Korea.
The nominee is a finance expert who has built an understanding of financial markets and expertise in risk management, serving in key posts at the Industrial Bank of Korea including head of the risk management group as an executive vice president, head of the Gangbuk regional headquarters, head of the IBK Economic Research Institute and head of the treasury management department.
The Financial Services Commission said it expects Jang to provide stable leadership given about 35 years of service at the Industrial Bank of Korea and IBK Asset Management and a strong understanding of the bank. It described Jang as the right person to strengthen financial support for small and medium-sized enterprises and self-employed business owners, expand future growth engines including venture investment and loans for advanced strategic industries, and lead a major shift toward productive finance through policy finance.
Lee Ji-young
ljy@d-today.co.kr