Hana Securities President and CEO Kang Seong-muk is endeavoring to help the brokerage house win the status of a super-large investment bank here. The company recently submitted an application to the Financial Supervisory Service (FSS), and if the watchdog grants approval, the Hana affiliate will become the nation s sixth securities firm with the title.
Major brokerage houses are moving to strengthen retail finance in the face of falling revenues from their investment banking business, after a Legoland developer s default on debt payments in Gangwon Province heightened liquidity risks in their cash-cow real estate project financing. In their year-end organizational reshuffles, they showed their desire to solidify their retail and wealth management businesses in 2023.
Hana Financial Group has nominated Lee Seung-yeul, the chief of Hana Life Insurance, as the new CEO of Hana Bank in the first reshuffle of heads of the group s key affiliates after its Chairman Ham Young-joo took office early this year, the company said Wednesday.
/PRNewswire/ Mesirow, an independent, employee-owned financial services firm, announced it recently led the $275 million financing of NASA s Washington, D.C..