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A wave of management changes at Korean-American banks highlights the difficulties of filling key posts in a niche banking industry.
October 8 -
The executive carousel keeps turning among Korean-American banks. BBCN Bancorp in Los Angeles has hired Daniel Kim as its chief planning officer. Kim is CFO and acting president at Saehan Bancorp, which is in the process of selling itself.
November 7 -
The U.S. faces a dearth of minority-owned banks, and new ones are unlikely to emerge anytime soon. Therefore all financial institutions should step in to ensure that the needs of minority communities are being served.
September 15
BBCN Bancorp in Los Angeles
The agreement was signed on Monday by Kevin Kim, the company's president and chief executive, and Won-soon Park, Seoul's mayor, in conjunction with the 2014 Financial Hub Seoul Conference in New York.
"We believe BBCN is well positioned to serve the financial needs of Korean national companies with operations in the U.S," Kim said in the release. "We are excited about our plans to open a representative office in Seoul in the coming quarters."
The agreement is also aimed at promoting the Yeouido International Financial District in Seoul.
BBCN is a $6.9 billion-asset, Korean-American bank that has 49 branches in California, New York, New Jersey, Illinois, Washington and Virginia.
