NH-Amundi launches youth board for innovative growth

NH-Amundi Asset Management CEO Bae Young-hoon, fifth from left, poses with seven members of the investment firm's youth board, at the company's headquarters on Yeouido, Seoul, Thursday. / Courtesy of NH-Amundi Asset Management

By Kim Bo-eun

NH-Amundi Asset Management created a youth board, as part of efforts to promote innovative growth, it said Sunday.

The asset management company said the board launched Thursday is comprised of seven employees under the age of 40.

The investment firm said the board was created to enable young employees to propose changes needed for the company's innovative growth, and to foster a horizontal and flexible organizational culture.

"We hope that the youth board members will freely make proposals the firm needs to secure a growth engine for the future, without being tied to formalities," the company's CEO Bae Young-hoon said.

"We will do our utmost so that the proposals can be reflected in the company's management."

NH-Amundi was established in 2003, as a joint venture between NongHyup Financial Group and France's Amundi Asset Management. It has over 45 trillion won in assets under management, as of January.