Deutsche Bank Names Hyun-Nam Park as New Chief Country Officer in South Korea
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Deutsche Bank has announced important leadership changes in its South Korea office. Hyun-Nam Park has been named the new Chief Country Officer for South Korea. She will also continue in her current role as Branch Manager of Deutsche Bank AG Seoul. In addition, ET Park has been appointed as the CEO of Deutsche Securities Korea. These changes come after Samuel (Sam) Kim, the current Chief Country Officer for South Korea and Chairman of Mergers & Acquisitions (M&A) for Asia Pacific, announced he will move to New York. There, he will take on a new role as Deutsche Bank’s Global Head of M&A.
Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. Deutsche Bank was founded in 1870 in Berlin. From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as Deutsche Bank und Disconto-Gesellschaft or DeDi-Bank.
About Hyun-Nam Park
Hyun-Nam Park has worked at Deutsche Bank for over 25 years, holding many important leadership positions. Her experience covers different areas such as Treasury, Investment Banking, and Corporate Banking. She is well-known in the Korean business and finance community. She also serves as the Korean Chairperson of the Korean-German Chamber of Commerce and Industry, representing Deutsche Bank’s interests in Korea.
About ET Park
ET Park was recently the Head of Coverage Korea, where he led sales and client coverage teams across Corporate and Investment Banking. He joined Deutsche Bank in 2006 and has held several senior roles during his time with the bank. Now, as CEO of Deutsche Securities Korea, he will take on more responsibilities in managing Deutsche Bank’s business in South Korea.
What Deutsche Bank Leaders Say
Chandra Mallika, CEO for Developed Asia Pacific at Deutsche Bank, said, “We are proud to promote strong talent from within for these important leadership roles. We are confident that Hyun-Nam and ET will help our Korea business grow and succeed. We also wish Sam all the best in his new global role and look forward to his continued support.”
Deutsche Bank’s Presence in South Korea
Deutsche Bank offers a wide range of financial services to clients in South Korea. These clients include multinational corporations, large local companies, and financial institutions. The bank’s investment banking business in South Korea is performing very well compared to its competitors. It re-entered the South Korean debt capital markets in July 2023, which strengthened its advisory business.
The bank has recently won several awards for its work in South Korea. It was named ‘FX House of the Year for South Korea’ by FX Markets Asia. The Asset recognized Deutsche Bank as the ‘Best Trade Finance Service Provider’ and ‘Best in Treasury and Working Capital’ for South Korea. Additionally, Finance Asia honored the bank for its role in major South Korean deals, awarding it Best Private Equity Deal and Most Innovative Deal in their 2024 Achievement Awards.
