NH Financial Group has picked its incumbent vice president Lee Kyung-seob as the new CEO of its banking arm NH Bank, the country’s fourth-largest banking group by assets said Wednesday. 

The group’s special CEO selection committee, meeting earlier in the day, decided to recommend Lee, its vice president since January last year, as the sole candidate for the job. The appointment is subject to endorsement by the board of directors and shareholders, who are likely to approve it without a hitch. 

Lee, 57, joined Nonghyup, the farmers’ cooperative now more widely known as NH, in 1986. He has since held various positions in retail and private banking before moving to NH Financial in 2014. 

If appointed, he will succeed Kim Ju-ha to serve at the helm of NH Bank for two years until January 2018. 

“A financial company’s management and sales efforts all come down to profits. I will strive to enhance our bank’s profitability level,” Lee said through a press release. 

By Lee Sun-young
(milaya@heraldcorp.com)