NH NongHyup Bank Chief Inspects New York Operations
NH Nonghyup Bank announced on Aug. 31 that CEO Kang Tae-young visited New York in the United States to communicate with local supervisory authorities and personally inspect global investment assets and the New York branch business sites.CEO Kang Tae-young met with officials from the Federal Reserve
On August 31, NH NongHyup Bank CEO Kang Tae-young journeyed to New York, USA, to engage with local supervisory authorities and conduct an in-person assessment of the bank's global investment assets and New York branch operations. During his visit, CEO Kang met with representatives from the Federal Reserve Bank of New York (FRBNY) and the New York State Department of Financial Services (NYSDFS).
They discussed critical matters such as internal controls, risk management, and compliance systems within the New York branch. Subsequently, Kang Tae-young ventured to global alternative investment management firms and the operational sites of substantial investment assets, evaluating their performance and viability.
Furthermore, Kang Tae-young paid a visit to the New York branch, which was established in 2013, to update employees on the company's status and scrutinize the day-to-day operations. The New York branch has been steadily expanding its business portfolio, concentrating on investment banking, corporate credit, and import/export finance.
In a statement, Kang Tae-young emphasized the significance of robust internal control and risk management practices, asserting that trust with supervisory authorities is essential for sustainable growth in the global market. He concluded by expressing the bank's commitment to supporting overseas sites and promoting balanced growth between profitability and financial soundness.
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