Meritz Securities said Monday it had named financial expert Kim Yong-beom as its new co-CEO.

With the appointment, the securities house will be led by two CEOs.

Company officials said new CEO Kim will be in charge of retail business while current CEO Choi Hi-moon will deal with other business such as institutional sales and global trading.

Kim had worked as chief financial officer at the company. Before starting his career at Meritz, Kim served various key posts at Samsung Asset Management and Samsung Securities such as director of bond management and director of the capital market, respectively.

Born in 1963, Kim studied business administration at Seoul National University.

(claire@heraldcorp.com)