Moves

Ping An brings in younger management team

As China's financial environment changes, Ping An has replaced two executive directors to bring a new dynamism to the management team.

Alongside its third-quarter earnings report, on Thursday night Ping An Insurance Group nominated several young executives for the board.

The company recommended Xie Yonglin and Jessica Tan to succeed veterans Sun Jianyi and Cai Fangfang as executive directors. Sun was elected as chairman of Ping An's board of supervisors. The group also named Ren Huichuan as vice-chairman and Xie Yonglin as president.

It is a move by Ping An to lower the average age of the management team and to speed up decision making.

The changes will not alter Ping An’s focus on fintech, a Ping An spokesperson told FinanceAsia. “Chairman and...

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