Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
Pang Xiusheng will take on the position of chief financial officer for CCB after 26 years in its employment. As CFO, PangÆs main responsibilities will include assisting the president or authorised vice-presidents in the formation of its financial management strategy, as well as assisting in business process improvement solutions.
He will also be involved in the decision-making process at the corporate level and be charged with developing existing businesses within CCBÆs asset scope.
Prior to his rise to CFO, Pang was executive vice-director of the CCB asset and liability committee. He also held positions in the funds and planning department and planning and financial department. He joined the bank in 1980.
New chief risk officer Zhu Xiaohuang has been with CCB since 1982 after holding a variety of positions within the organisation.
In his new role, his responsibilities will include assisting the president or authorised vice-presidents in the formation of CCBÆs risk controls with the goal of implementing credit risk management strategies. Zhu will also be responsible for establishing a comprehensive risk management structure covering credit risks, market risks and operational risks.
His appointment coincides with CCB's establishing of a new risk management system.
Previously, Zhu has worked in the legal compliance division, credit department, credit risk management department, banking department and corporate banking department.
Weekly investor roundup: Cathay Financial expects rate hikes to boost returns; NPS' enlarged stewardship role faces pushback
Cathay Financial Holdings anticipates that interest rate increases will help boost profits in the coming year; Korea's National Pension Service meets protest from the business community after move to enlarge stewardship role; MAS bans crypto advertising to the general public; Japan's GPIF appoints managers for fund of funds mandate; GIC returns for Checkout.com's Series D funding; and more
Despite Evergrande's woes, Allianz is still bullish on Chinese property and infrastructure, although it has slowed down its investment process.
Case studies featuring global institutional investors’ best practices for setting climate action plans aim to encourage more to follow in their footsteps.
Signatories are advocating for a robust policy on plastic pollution amid concerns that states would support a less ambitious mandate.