NH Investment & Securities has officially launched a dual CEO system with Shin Jae-wook (신재욱) and Bae Kwang-soo (배광수). The company plans to strengthen expertise and accountable management by business division to match a new growth phase, including the push for its IMA business.

NH Investment & Securities said on June 30 it held an extraordinary shareholders meeting and formally appointed Shin and Bae as co-CEOs.

With the appointments, NH Investment & Securities shifted from its existing single-CEO structure to a dual CEO system. It previously completed the final appointment process at the shareholders meeting after nominations by the executive candidate recommendation committee and approval by an extraordinary board meeting.

In inaugural remarks, the two new CEOs stressed the dual CEO system does not split the company into two. They said responsibilities and expertise will be clearly defined, while companywide results will be delivered through a single operating system.

"Authority and decision-making will be clearer and faster, but we will share the final results and responsibility," the co-CEOs said. "We will build a company with top-tier capital profitability in the industry and sustainable earnings capacity."

They presented stronger synergies across businesses and improved capital efficiency as key management directions. They laid out a plan for a virtuous cycle in which growth in customer assets leads to securing quality investment opportunities in corporate finance and stronger investment performance, and improved performance in turn drives further increases in customer assets.

They also said capital allocation will be reshaped around profitability and efficiency. They said capital will be allocated boldly to businesses with high risk-adjusted returns, while areas with low efficiency will be reviewed to increase the use of limited capital.

An artificial intelligence transition was also presented as a key task. The co-CEOs said they view AI not as a simple automation tool but as core infrastructure that boosts employees' judgment and execution, and they will expand its use across operations. They also said they will pursue a responsible AI transition that complies with personal information protection and internal control principles.

They also highlighted stronger internal controls, higher shareholder value and social responsibility. They said risk checks and customer-focused verification will operate from the early stages of sales to build customer trust, and as a listed financial investment company it will work to enhance long-term shareholder value.

"The success of the new system depends not on the system itself but on how it is operated," the co-CEOs said. "We will maintain organisational stability while clearly pushing needed changes."

"By taking responsibility in our respective roles and delivering results as one NH Investment & Securities, we will build a company that customers trust more, shareholders recognise more and employees feel greater pride in," they added.

At the extraordinary shareholders meeting, NH Investment & Securities also appointed Ahn Sung-wook (안성욱) as an outside director. Ahn is a former prosecutor who served as head of the narcotics and organised crime investigation division at the Busan District Prosecutors' Office and as head of the trial and litigation division at the Seoul Eastern District Prosecutors' Office, and is currently the managing attorney at Seongmun Law Office.

NH Investment & Securities said it expects Ahn to contribute to strengthening internal controls and its risk management system.