Citibank Korea's new chief takes office

Citibank Korea announced Tuesday that Kim Kyoung-ho, head of the corporate banking group, has been appointed as its new chief for a three-year term.

The appointment follows an extraordinary general meeting of shareholders and a meeting of the board of directors. Kim was nominated as the final candidate for the position of Citi Country Officer and Banking Head for Korea on Sept. 22.

The nomination committee cited Kim's strong expertise and proven track record in corporate banking and client relations, broad experience across the banking sector, and deep understanding of the Korean market.

His expertise in risk management and control, as well as his leadership skills were also mentioned.

Kim joined Citibank Korea in 2001 as a corporate relationship manager at the bank's Seoul branch. He subsequently served as the head of Large Corporate Banking, head of Financial Institutions, and head of the Corporate Banking Group for Korea.

Kim graduated from Seoul National University with a degree in international economics and holds a Master of Business Administration from the Massachusetts Institute of Technology.

Citibank Korea's former CEOs Park Jin-hee and Yoo Myung-soon also headed the bank's corporate banking business before taking the top job, making Kim the third consecutive chief to follow that career path.

With Kim's appointment, Citibank Korea will have a new head for the first time since October 2020, when Yoo took office.