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[Alpha Biz=(Chicago) Reporter Kim Jisun] Hana Bank upgraded its IB business headquarters to IB Group due to its reorganization in the second half of the year and established an equity investment department under its wing in charge of investing in venture and startup management rights.
As the financial authorities pushed to ease regulations on investment in non-financial companies in the banking sector, they preemptively established related departments and expanded their business. Hana Financial Group is seeking to become a leading bank by participating alone in the recent main bid for KDB Life.
According to the financial sector on the 10th, Hana Bank promoted its IB business headquarters under the Corporate Finance Investment Corporation (CIB) Group to the group through reorganization in the second half of the year. There were a total of four departments in the existing IB business headquarters, ▲ the Ministry of Real Estate Finance ▲ the Ministry of Investment Finance ▲ the Ministry of Global IB Finance ▲ The Ministry of Project Finance, and the Equity Investment Department was newly established due to the reorganization of the organization.
The equity investment department is said to be in charge of the group's strategic investment (SI). In general, SI aims to acquire management rights by becoming the largest shareholder of the company to be invested. Hana Bank's establishment of a equity investment department is interpreted as a plan to actively take over non-financial ventures and startups.
Before the reorganization, Hana Bank's investment business was divided into three: the Ministry of SMEs and Startups, the Ministry of Affiliated Investment, and the Ministry of Investment and Finance. Through this reorganization, the SI function was concentrated on the newly established equity investment department, and the affiliate investment department divided the functions and merged with other departments.
Hana Bank's investment in non-financial firms will be overseen by the Ministry of SMEs and Startups in charge of financial investment (FI) and the Equity Investment Department in charge of acquiring management rights.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
