Ant Financial shuffles management
By our correspondents
October 09, 2016
NEW YORK: Ant Financial Services Group, the online and mobile financial services affiliate of Chinese e-commerce giant Chinese e-commerce giant Alibaba Group Holding Ltd, on Saturday shuffled top leadership positions, announcing the appointment of current president Eric Jing as its new chief executive officer.
Ant Financial, which runs Alipay, a payment platform, said in a press release on Saturday its current CEO and executive chairman Lucy Peng will remain executive chairman.
According to the company, Peng will focus on “guiding corporate strategy, overseeing talent development, and nurturing the company’s corporate culture,” while the new CEO Jing takes over responsibility for day-to-day management and leadership of Ant Financial.
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