Hana Financial Welcomes New Chief, Mirae Asset Changes Name

Shareholders of Hana Financial Investment company approved the appointment of its new Chief Executive Officer on Wednesday - Lee Eun-hyung, former vice-chair for global business at the company who vowed to strengthen its digital innovation and sharpen its global competitiveness.

After getting the agreement from the shareholders and board members of the brokerage unit of Hana Financial Group, South Korea will now have its youngest chief in the securities industry as the 47-year-old Lee Eun-hyung will take his seat.

Lee had been known for his mindset that's aims for global success, and his fluency in five languages had been some of the qualities seen by the stakeholders to uphold the company's aim to extend its global imprint.

The new CEO had first joined the company in 2011, then became China Minsheng Investment's vice chair before he returned to the company after six years and had contributed to its initiative for global expansion.

In his appointment as the firm's new CEO, he emphasized his goals, which include digital innovation, stronger globally competitive, and management style that focuses on social, environmental, and corporate governance.

Mirae Asset Daewoo had also clinched the go signal to resolve the key pending issues on the very day of his appointment.

The company's top officials had agreed to reinstate the company's incumbent CEO Choi Hyun-man, and put in Kim Jae-sik as the new president of the company. Cho Woong-ki, the co-CEO, had already stepped down from his office.

Officials also decided to change the company's name to Mirae Asset Securities, after five years of the union between Mirae Asset Securities and KDB Daewoo Securities, to reinforce the global brand power of the company accordingly, said Mirae Asset in a statement.

Mirae Asset's Shareholders also approved the creation of an in-house committee that focuses on environmental, social, and corporate governance.