Hana Monetary Group Chairman Ham Younger-joo / Courtesy of Hana Monetary Group
Hana Monetary Group Chairman Ham Younger-joo has secured one other three-year time period, extending his tenure till 2028, the corporate stated on Thursday. His reappointment might be formally confirmed following the board assembly and the overall shareholders‘ assembly in March.
The monetary group’s chairman candidate suggestion committee authorised Ham’s reappointment for a brand new time period starting in March. The choice was made by a secret poll.
„It’s extra crucial than ever to have a pacesetter with confirmed management, intensive expertise and strategic administration experience to information the group with stability,“ a committee official stated. „Amid a quickly altering monetary panorama, Ham has been deemed the best particular person to steer the group’s future by overcoming uncertainties and strengthening its aggressive edge within the business.“
The committee highlighted that below Ham’s management, Hana achieved its best-ever monetary efficiency and a record-high inventory value because it was based.
In his first yr as chairman in 2022, the group posted a record-high web earnings of three.57 trillion received ($24.73 million), solidifying its place as a number one home financial institution. Regardless of setting apart substantial provisions in 2023, the group nonetheless achieved a powerful web earnings of three.45 trillion received. It was additionally anticipated to set one other record-breaking efficiency in 2024.
Ham’s efforts to meet the corporate’s company social obligations, similar to establishing day care facilities, have been additionally positively acknowledged as contributing to sustainable company worth.
Born in 1956 in Buyeo, South Chungcheong Province, Ham started his profession as a highschool graduate worker at Seoul Financial institution, the predecessor of Hana Financial institution. After the 2016 merger of Hana Financial institution and Korea Change Financial institution, he grew to become the primary president of the newly built-in financial institution. He later served as vice chairman of Hana Monetary Group earlier than assuming the chairmanship in 2022.
