Citibank Korea appoints new CEO in 1st leadership change in 6 years
Citibank Korea has appointed Kim Kyoung-ho, its head of corporate banking, as its new CEO, ending a six-year leadership run under his predecessor, the lender said Tuesday. Kim succeeds Yoo Myung-soon, who became the bank’s first female CEO in 2020. He will serve a three-year term. Kim joined Citibank Korea in 2001 and has held a series of senior positions in corporate banking, including large…
Citibank Korea has announced the appointment of Kim Kyoung-ho as its new CEO, marking the first leadership change in six years. He will replace Yoo Myung-soon, who made history as the bank's first female CEO in 2020. Her tenure will now come to an end. Kim will assume the role for a three-year period.
Kim joined Citibank Korea in 2001 and has since held various senior positions within the corporate banking department. This includes roles in large corporate banking and financial institutions coverage. His expertise in these areas was recognized when he was promoted to executive vice president in 2021.
The decision to appoint Kim was made by Citibank Korea's executive recommendation committee on September 22. He was the sole candidate for the top position. This move is significant as Citibank Korea is undergoing a strategic reshaping of its operations, with a renewed focus on corporate banking following its exit from consumer banking.
As the incoming CEO, Kim's primary challenge will be to build upon the bank's strategic shift towards corporate banking and ensure its continued strong performance in the coming years.
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- Citibank Korea appoints new CEO in 1st leadership change in 6 years koreatimes.co.kr
