Ping An poaches CEO of First State Cinda
Li Kenan has resigned from First State Cinda to be reunited with ex-CEO of Colonial First State John Pearce in the Ping An Group.
Li Kenan, CEO at First State Cinda Fund Management, a joint venture between Australian firm Colonial First State and China Cinda Asset Management, has resigned. Li is moving on to Ping An Asset Management where he will be in charge of a new fund JV being planned between Ping An and UOB Asset Management.He Jiamu, chairman of First State Cinda since April 2006, has been named interim CEO until further notice.Li is the latest senior fund executive involved in shareholder face-offs in Sin…
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