Dianrong shakes up leadership ahead of IPO

The Chinese lender's founders become co-chairmen and hand over day-to-day CEO duties ahead of expected 2018 listing.

Entrepreneurs Soul Htite and Kevin Guo are handing over their duties as co-chief executives of Dianrong as the fast-growing Chinese online lender looks to make itself more attractive to investors ahead of an expected public listing.

Htite will become Dianrong's executive chairman, overseeing strategic planning and growth activities, while Guo is named co-chairman with a focus on advancing government and industry relations.

In a well choreographed move, former Standard Chartered banker Loh Long Hsiang, previously chief operating officer, steps up to CEO, the company said in a statement on December 7.

It's common for companies to make changes to their management...

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