Shinhan Financial Group recommended Lim Hyun-woo, current CEO of Shinhan REITs Management, as the inaugural CEO candidate for the merged entity combining Shinhan Asset Trust and Shinhan REITs Management, which is targeting a January 2027 launch. The group also began succession procedures for 12 subsidiary CEOs whose terms expire at year-end, including Shinhan Bank CEO Jung Sang-hyuk. To strengthen transparency and fairness, Shinhan will share the subsidiary CEO candidate pool with the bank’s Executive Recommendation Committee and give it authority to recommend candidates directly. The group will also formalize subsidiary-specific CEO qualifications and detailed evaluation criteria. The Subsidiary CEO Candidate Recommendation Committee will progressively narrow the pool before each subsidiary’s executive recommendation committee conducts its own review, with final appointees due to begin their terms in January 2027.