Ant Financial marches on with a new leader

CEO Eric Jing adds executive chairman duties as Lucy Peng moves to Alibaba's Southeast Asia e-commerce play, Lazada.

Ant Financial marches on with a new leader

There's a new man at the helm of Ant Financial.

The financial services affiliate of Jack Ma's Alibaba empire has named CEO Eric Jing as its new executive chairman, replacing Lucy Peng, who takes over as CEO of Lazada, Southeast Asia's biggest e-commerce retailer, which is majority owned by Alibaba.

The moves reflect the challenge Alibaba faces in developing, managing and deploying its top talent as it grows internationally across multiple...

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