Hana Financial Group on Wednesday recommended CEO candidates for seven key affiliates, including Hana Securities and Hana Life Insurance, through its Group Executive Nomination Committee and Affiliate Management Committee.

The committees said they recommended the final candidates with a focus on making progress amid stability and strengthening the competitiveness of the non-bank portfolio. They said management capability was weighed heavily, including the ability to improve organisational fundamentals, embed risk management and boost sales while meeting the responsibilities, position and role of a CEO.

The Group Executive Nomination Committee recommended the current CEOs of Hana Securities and Hana Life Insurance for another term. The Affiliate Management Committee also recommended the current CEOs of Hana Asset Trust, Hana Alternative Asset Management, Hana Financial TI and Hana Insurance for another term.

For Hana F&I, the group recommended Lee Eun-bae, head of the Sales Support Group at Hana Bank and an executive vice president, as the new CEO. Lee is known as a field-oriented sales expert with experience in credit review and a strong understanding of frontline staff.

He is also highly regarded for contributing significantly to the bank achieving its best-ever results as head of the Sales Support Group.

The CEO nominees recommended for each Hana affiliate will be confirmed after separate nomination committees, boards and shareholder meetings at each company.