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HSBC Korea Appoints New President And CEO

By February 24, 2017 at 4:41 am
HSBC shake-up: What you need to know (Photo : Bloomberg for Getty Images)

HSBC Korea just appointed its new and first Korean president and CEO, Jung Eun-young. He will succeed Martin Tricaud will have been appointed as HSBC Australia's new chief executive. The new president was the former head of HSBC Korea's global banking division.

The new president and CEO of the HSBC Korea will push for the next stage of development while the bank also plans to support many Korean companies to be globally competitive as well. Apart from this, his responsibilities will also include ensuring unified support needed for financial institutions and the companies in the public sector.

As reported by Korea Times, Jung started his career at the bank way back 2005. He started as the executive vice president then head of the financial institution's group. Then he was promoted as head of the global banking in the year 2009.

His career at the bank also included holding senior positions at local and international banks in Asia as well as in Switzerland. He was also affiliated with the Korea Development Bank's international unit from 1989-2000. Then he also worked for four years at KDB Asia and KDB Switzerland in Zurich.

Some of his exemplary works extended to being a senior vice president and head of Korea at Commonwealth Bank of Australia in Singapore. From there, Jung managed and handled the operations of its investment banking then the fixed-income sales for clients in Korea for three years.

According to the head of the HSBC Asia Pacific strategy and planning Jayant Rikhye, the international experience of Jung, as well as his extensive knowledge, will be essential to the clients in Korea. Through his leadership, the bank will be able to gain investment and trade opportunities which have been generated domestically and abroad as per Financial Times.

HSBC Korea hopes that through its new CEO and president, Jung Eun-young, the bank will be able to contribute to the development of Korea's economy and industries.

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