[Edaily Reporter Park Sun-Yeop ] NH INVESTMENT & SECURITIES(005940)has officially launched a co-CEO system led by Shin Jae-wook and Bae Kwang-soo. Amid intensifying competition among major securities firms—including the rollout of Integrated Investment Accounts (IMA)—the company plans to secure growth momentum by strengthening expertise in each business division and promoting responsible management.
NH INVESTMENT & SECURITIES announced on the 30th that it held an extraordinary general meeting of shareholders and finalized the appointment of Shin Jae-wook and Bae Kwang-soo as co-CEOs. With this, NH INVESTMENT & SECURITIES has completed its transition from a single CEO system to a co-CEO system and has entered a new management structure.

This personnel change is seen as a move to enhance the speed and expertise of organizational operations as NH INVESTMENT & SECURITIES enters a new phase of growth. In particular, with the ability to utilize capital and manage risk becoming increasingly important ahead of the launch of the IMA business, the decision reflects the company’s commitment to clarifying responsibilities across business divisions and streamlining the decision-making process.
In their inaugural addresses, the two new co-CEOs emphasized that the co-CEO system does not mean dividing the company into two separate entities. They explained that while their respective areas of expertise and responsibilities are clearly defined, the operational framework is designed to achieve unified company-wide results. They also announced a policy to exercise authority and make decisions more clearly and swiftly, while jointly bearing responsibility for the final results.
The two CEOs set forth the goal of transforming NH INVESTMENT & SECURITIES into a company with industry-leading return on equity and sustainable profit-generating capabilities. To achieve this, they identified the following as key management priorities: △ strengthening synergies across business units △ improving capital efficiency △ advancing AI transformation △ enhancing internal controls △ increasing shareholder value and fulfilling social responsibilities.
The first priority they emphasized is strengthening synergy across business units. Their vision goes beyond simply increasing collaboration between divisions; they aim to create a virtuous cycle in which the expansion of client assets leads to the corporate finance division securing high-quality investment opportunities and improving investment performance, which in turn drives further growth in client assets.
To this end, the business model and institutional framework will also be reorganized around synergy. This means strengthening an integrated model where customer base, investment opportunities, and investment performance are interlinked to drive growth, rather than having separate business divisions such as Wealth Management (WM), Investment Banking (IB), and Asset Management operating independently.
Improving capital efficiency was also identified as a key priority. The two CEOs believed that a continuous supply of capital—the “fuel”—is essential to accelerate this virtuous cycle of integrated growth. The policy is to boldly allocate capital to businesses with high profitability relative to risk, while closely scrutinizing areas with low efficiency to maximize the utilization of limited capital.
The transition to AI was also identified as a core pillar of the new management system. NH INVESTMENT & SECURITIES views AI not merely as a tool for automating tasks, but as a core infrastructure that enhances employees’ judgment and execution capabilities. The company plans to increase the use of AI across all operations to create an environment where employees can focus on higher-value-added tasks.
However, the company maintains that it will strictly adhere to internal control and personal information protection principles throughout the AI transformation process. Given the nature of the financial investment industry, where customer information, investment decisions, and internal risk management are critical, the company intends to establish not only a rapid pace of technology adoption but also a framework for responsible use.
Strengthening internal controls was also identified as a separate key priority. NH INVESTMENT & SECURITIES plans to enhance customer trust by ensuring that risk assessments and customer-centric verification processes are in place from the earliest stages of business operations. Given that internal controls and consumer protection have recently emerged as major priorities across the financial investment industry, this signifies the company’s commitment to strengthening its risk management framework even under the co-CEO system.
The company also emphasized enhancing shareholder value and fulfilling its social responsibilities. As a publicly listed financial investment firm, it stated that it will strive to enhance long-term shareholder value while, as a member of the NH Nonghyup Financial Group, faithfully fulfilling its social responsibilities, such as promoting agricultural development and contributing to local communities.
In their inaugural addresses, the two co-CEOs stated, “The success of the new system depends not on the system itself, but on how it is operated,” adding, “We will clearly drive forward necessary changes while maintaining organizational stability.” They continued, “By taking responsibility in our respective roles and working together as one NH INVESTMENT & SECURITIES, we will create a company that earns greater trust from customers, receives greater recognition from shareholders, and instills greater pride in our employees.”
Meanwhile, NH INVESTMENT & SECURITIES also appointed Ahn Seong-wook as an outside director at an extraordinary general meeting held that day. The newly appointed outside director is a legal professional with a background in the prosecution, having served as the head of the Narcotics and Organized Crime Investigation Division at the Busan District Prosecutors’ Office and the head of the Trial and Litigation Division at the Seoul Eastern District Prosecutors’ Office. He currently serves as the managing partner at Seongmun Law Firm.
NH INVESTMENT & SECURITIES expects that, drawing on his legal expertise and practical experience, Director Ahn will contribute to strengthening internal controls and risk management systems under the co-CEO system.