Jin Ok-dong, chairman of Shinhan Financial Group, met with Goldman Sachs executives to discuss strategies to strengthen competitiveness in the asset management (WM) and institutional sector (IB).
According to Shinhan Financial on the 25th, Chairman Jin met with Anthony Goodman, co-CEO of Goldman Sachs International, and Ronan Breen, director of financial industry affairs, during his business trip to Europe from the 18th to the 23rd. Discussing the synergy between the IB institutional sector and WM institutional sector, Chairman Jin noted, “We will apply the strengths of global financial firms to the domestic reality and establish a sustainable revenue base.”
Chairman Jin also held investment briefings (IR) for local institutional investors in major European cities such as London, Frankfurt, and Warsaw. He explained to local key investors the impact of recent U.S. reciprocal tariff measures and the domestic presidential election phase on the financial markets, and shared Shinhan Financial's specific response strategies.
He especially emphasized Shinhan Financial's efforts to achieve the goals set for this year in the corporate value enhancement plan announced last year, which include ▲ improving return on equity (ROE) by 0.5 percentage points ▲ maintaining a common equity tier 1 (CET1) ratio above 13.1% ▲ and achieving a shareholder return rate of over 42%.