Industrial Bank of Korea (IBK) has appointed Jang Ji-kyu, a former strategy director at KB Kookmin Bank's Indonesian unit, to head its own operation in the country. It marks the first time IBK has selected an outside candidate to lead one of its overseas units.
IBK said on the 26th that it named Jang to the post through an open recruitment process for an executive-level position.
Jang previously served as head of the global strategy department at Kookmin Bank and as strategy director of its Indonesian unit. Jang is regarded as having a strong understanding of the local market and a solid network there.
"We expect the new chief to bring energy and dynamism to our Indonesian unit," an IBK official said. "We will build a firm foundation for growth by providing financial support to Korean small and mid-sized companies operating locally, while maintaining thorough risk management."
