NH Investment & Securities said on Thursday it decided at an extraordinary board meeting to shift to a co-CEO structure.
With the change, it plans to run key business divisions under a specialized, accountable management system.
Execution and decision-making speed at each business division are expected to improve. It also plans to strengthen the company's medium- to long-term growth base by closely linking expansion of client assets with investment banking capabilities.
According to the company, the overhaul was decided after the board conducted reviews and discussions over several rounds based on a direction proposed by NH NongHyup Financial Group to advance management systems at its subsidiaries.
The board checked expected benefits and potential issues from introducing the co-CEO structure and decided to prepare necessary safeguards in stages during the transition.
An NH Investment & Securities official said, "As the company has grown in scale, including entering the IMA business, we plan to introduce a division-by-division accountable management system to boost business execution and accelerate growth."
Sangyeop Oh
yub@d-today.co.kr