Ha to chair Mirae Asset's board of directors

By Kim Bo-eun

Ha Yung-ku

Former Korea Federation of Banks Chairman Ha Yung-ku will chair Mirae Asset Global Investments' board of directors, the company said, Friday.

Ha was appointed as an outside director and the chair of the board of directors at the asset management company's general shareholders' meeting the same day.

As the head of the board of directors, he will separate the board from the CEO and independently manage it. He will serve a one-year term.

Ha is replacing former Financial Services Commission Chairman Kim Seok-dong who led the board as an outside director. Kim stepped down from the positions on March 22 due to regulations that prohibit an individual from serving as an outside director of more than two companies.

The company stated Ha was appointed based on his rich experience and knowledge as a financial expert.

Ha joined Citi Bank in 1981, and served as Citi Bank Korea's CEO for more than a decade. He led the Korea Federation of Banks from December 2014 to November 2017.

The company has four outside directors including Ha. It formerly tended to appoint government officials as outside directors, but is recently seen to be appointing figures from the private sector.