Kyobo Securities CEO Kim Hae-joon confirmed his consecutive term on March 25, becoming the longest-serving CEO in the domestic financial investment industry.
The secret to his longevity, which has led a securities firm for about 12 years, can be found in his robust performance growth and ability to embrace organizations through strengthening the corporate finance sector.
Shin Chang-jae, chairman of its parent company Kyobo Life Insurance, also praised Kim's leadership, leaving only brokerage house in charge of long-term management among various affiliates.
Kyobo Securities held a shareholders’ meeting at its headquarters in Yeouido, Seoul on March 25 and re-elected CEO Kim. Kim succeeded in his sixth consecutive term and was named the longest-serving CEO.
Kim’s record surpasses the previous record of Yoo Sang-ho, vice chairman of Korea Investment & Securities, who was the longest-serving (11 years and nine months) CEO at a brokerage house.
Kim was born in Jangheung, South Jeolla Province, in 1957 and graduated from Jangheung High School and Chonnam National University majoring in economics. Since joining Daewoo Securities in 1983, he has served as head of IB, corporate business and asset management sales.
Since 2005, he has served as IB head, project finance head and IB investment head at Kyobo Securities and has been leading the company since he was appointed as CEO in June 2008.
The reason why Kim was able to succeed in his consecutive term this time was his record-high performance. The company posted a net profit of 78.9 billion won in 2015, the biggest performance since its foundation, and again broke the record last year by posting a net profit of 83.5 billion won.
