Citibank Korea's new chief takes office

What happened: Citibank Korea appointed Kim Kyoung-ho, head of its corporate banking group, as its new chief for a three-year term, following a shareholder meeting and board meeting. Key numbers: Three-year term. Kim was nominated as final candidate on Sept. 22. He joined the bank in 2001. The bank's last new head took office in October 2020. Why it matters: The nomination committee cited Kim's corporate banking expertise, client relations, risk management and leadership. He is the third consecutive chief to move from corporate banking to the top job.

Citibank Korea appointed Kim Kyoung-ho, head of its corporate banking group, as its new chief for a three-year term, following a shareholder meeting and board meeting.

The nomination committee cited Kim's corporate banking expertise, client relations, risk management and leadership. He is the third consecutive chief to move from corporate banking to the top job.