Hanwha Investment chief to focus on risk management

Hahn Doo-hee, president of Hanwha Asset Management, will move to Hanwha Investment & Securities as the latter’s new CEO, in a strategic reshuffle of top management amid rapidly changing market conditions.

Hahn is best known for his expertise in a broad range of financial investment businesses. Hanwha nominated him for the position in the hope of tightening the firm’s risk management and preemptively bracing itself for the rapidly-changing market environment amid global financial uncertainty.

He has worked as a leader of the asset management arm of Hanwha since July 2021. Previously, he also took on key posts at Hanwha’s financial affiliates, including as chief of a trading division at the brokerage arm. He also led Hanwha Life Insurance’s investment business division before becoming the top executive at Hanwha Asset Management.

Hahn studied business administration at Korea University. He also served as head of the derivatives and the alternative operation division at formerly Shinhan BNK Paribas Asset Management.

He started his career at Samsung Life Insurance and also worked at a finance team of Samsung Group. Hahn moved to Hanwha Group in 2015. He proved his management skills by playing a crucial role in driving Hanwha Asset Management’s earnings growth and making it the second-most profitable asset management company in the first year as a leader in 2021.

Hahn will take office in March after winning approval from the company’s regular shareholders’ meeting.

“He is one of the most renowned financial experts in the group and has a high level of understanding in key financial businesses,” a spokesperson at the company said.

“He is widely expected to help the company seek new strategies in line with the change of the market, while at the same time enhancing our resilience against possible risks.”

Kwon Hee-baek, the incumbent CEO of Hanwha Investment & Securities, will also fill the position of Hahn as the next leader of Hanwha Asset Management.

Hanwha expects the latest reshuffle to create synergy between the affiliates, as both leaders are most qualified to lead each subsidiary in the currently volatile financial atmosphere, here and abroad.