As of 31 Dec. 2013
See “Executive Directors” for working experiences, positions and part-time jobs of Mr. Ma Mingzhe, Mr. Sun Jianyi, Mr. Ren Huichuan, Mr. Yao Jason Bo and Mr. Lee Yuansiong.
CAO Shifan, has been the Senior Vice President of the Company since April 2007. Mr. Cao joined our Company in November 1991. From March 2004 to April 2007, he was the Chairman of Ping An Property & Casualty. From December 2002 to April 2007, he served as the Chief Executive Officer of Ping An Property & Casualty. From December 2002 to June 2005, he was President of Ping An Property & Casualty. From April to December 2002, he was Senior Vice President of Ping An Insurance Company of China. Ltd. Mr. Cao has a Master’s degree in Economics from Zhongnan University of Economics and Law (previously Zhongnan University of Economics).
CHEN Kexiang, has been the Senior Vice President of the Company since January 2007. Mr. Chen joined our Company in December 1992. From February 2003 to January 2007, Mr. Chen served as Vice President of the Company. From June 2002 to May 2006, he served as General Secretary of the Board of the Company, and General Manager of the General Office from June 2002 to April 2007. From 1999 to 2002, Mr. Chen served as Senior Vice President and then President of Ping An Trust. From 1996 to 1999, Mr. Chen served as the Deputy Director and Director of the General Office of our Company. From 1995 to 1996, Mr. Chen served as the President of Ping An Building Management Company. From 1993 to 1995, he served as the Assistant Director and Deputy Director of the General office of the Parent Company. Mr. Chen has a Master’s degree in Finance from Zhongnan University of Economics and Law (formerly known as Zhongnan University of Economics).
IP So Lan, has been the Senior Vice President of the Company since January 2011, and the Chief Internal Auditor, Person-in-charge of Auditing and Compliance Officer since March 2006, March 2008 and July 2010, respectively. Ms. Ip joined the Company in 2004 and was the Vice President of Ping An Life from February 2004 to March 2006, the Vice President of the Company from March 2006 to January 2011. Ms. Ip has been the Non-executive Director of Director of Ping An Bank (Original SDB) since June 2010. Ms. Ip had previously worked with AIA and Prudential Hong Kong etc. She holds a Bachelor’s Degree in Computing from the Polytechnic of Central London.
YAO Jun, has been the Chief Legal Officer and Company Secretary since September 2003 and May 2008, respectively. He has been appointed as the general manager of the Legal Department of the Company since April 2007. Between October 2008 and February 2012, he was the Secretary of the Board of the Company and the Joint Secretary of the Company from June 2004 to May 2008. Mr. Yao joined the Company in September 2003, before that, he was a partner of Commerce & Finance Law Offices. Mr. Yao is a fellow of FCIS and FCS. He holds a Master’s degree in Civil and Commercial Law from Peking University and a Doctorate degree in Legal Sociology from Huazhong University of Science and Technology.
CHAN Tak Yin, has been the Chief Investment Officer of the Company since August 2012 and the Chairman of Ping An of China Asset Management (Hong Kong) since January 2009. Mr. Chan is also a Non-executive Director of Yunnan Baiyao Group Co., Ltd. Mr. Chan joined Ping An in 2005 and was subsequently appointed as the Deputy Chief Investment Officer of the Company as well as the Chairman and CEO of Ping An Asset Management Prior to this, he held the posts of fund manager, investment director, chief investment director and managing director in BNP Paribas Asset Management SAS, Barclays Investment Management Company, SHK Fund Management Limited and Standard Chartered Investment Management Company, respectively. Mr. Chan graduated from the University of Hong Kong with a Bachelor’s Degree in Arts.
JIN Shaoliang, has been the Secretary of the Board of the Company since February 2012. Mr. Jin has been Director of the Board Office and Investor Relations Officer of the Company, respectively since March 2007 and June 2004, and has also been appointed as a non-executive director of Ageas Insurance International N.V. from April 2009. Mr. Jin has successively held different positions of the Company since he joined Ping An in September 1992, including General Manager of Re-insurance Department, Director of the General Actuary Office and Assistant General Manager of Strategy Development Office. Mr. Jin has Master’s degrees in Management of Commercial Enterprises and Marine Engineering, respectively from Norwegian Institute of Technology.
See “Executive Directors” for the working experiences, positions and part-time jobs of Mr. Yao Jason Bo.
See “Senior Management” for the working experiences, positions and part-time jobs of Mr. Yao Jun.
As of 31 Dec. 2013
The Executive Committee
The Company has established an Executive Committee, which is the highest execution authority under the Board. The primary duty of the Executive Committee is to review the Company’s internal business reports, the Company’s policies in relation to investment and profit distribution and the Company’s management policies, development plans and resources allocation plans. The Executive Committee is also responsible for making management decisions in relation to matters such as the material development strategies, business plans, financial systems and major promotions. In addition, the Executive Committee is also responsible for reviewing the business plans of the subsidiaries of the Company and evaluating the financial performance of the subsidiaries. The Company has also established 7 management committees under the Executive Committee, namely, the Investment Management Committee, the Budget Committee, the Investor Relations Management Committee, the Risk Monitoring Committee, the Insurance Asset Liability Management Committee, the Connected Transactions Management Committee and the Global Systemically Important Insurer Committee.
The Investment Management Committee
The Investment Management Committee oversees the investment-related operations of the Group, makes decisions on important investments relating to the day-to-day management of the Group, and generally approves, manages and reviews the Group’s investment and related activities, as well as its risk control. The Investment Management Committee is also responsible for improving the Group’s Investment Management Monitoring System. The Investment Management Committee is currently composed of 9 members, which is chaired by the deputy director of the Executive Committee of the Company.
The Budget Committee
The Budget Committee leads and provides guidance on our strategic planning and conducts the overall budget management. The Budget Committee is responsible for determining our strategic planning, formulating the guidelines on strategic planning and approving the operating budgets prepared by each of our business units. In addition, the Budget Committee also monitors the implementation of our development strategy, annual budget and business plan. The Budget Committee is currently composed of 8 members, and is chaired by the CFO of the Company.
The Investor Relations Management Committee
The Investor Relations Management Committee is responsible for formulating and amending guidelines for the Company’s investor relations management, coordinating, providing guidance to and inspecting the operations of the investor relations department; supervising the collating and organizing of material information in relation to investor relations, and scrutinizing material information that is to be disclosed to the public; scrutinizing the external publication of news, and providing guidance as to responding to any adverse publicity by the media in relation to the Company’s operations and activities; providing guidance on communications with shareholders; supervising and organizing road shows and meetings with investors and financial analysts; providing guidance on communicating with the stock exchanges where the company is listed, organizing regular meetings for the Investor Relations Management Committee; convening extraordinary meetings to deal with contingency matters; providing guidance on tracking unusual fluctuations in share price; and providing guidance on responding to assessments of the Company given by any assessment authority. The Investor Relations Management Committee is currently composed of 16 members, which is chaired by the President of the Company.
The Risk Monitoring Committee
The Risk Monitoring Committee is responsible for developing overall objectives, basic policies and operating procedures for risk management; monitoring the Company’s risk exposure and level of available capital; overseeing the establishment of risk management organization at subsidiaries and monitoring their performance; supervising the implementation of the risk management system in each subsidiary or business line and promoting a culture of comprehensive risk management within the Group. The Risk Monitoring Committee is currently composed of 9 members, which is chaired by the Chief Internal Auditor of the Company.
The Insurance Asset Liability Management Committee
The Insurance Asset Liability Management Committee leads and provides guidance for the matching of assets and liabilities of insurance funds of the Group. The Insurance Asset Liability Management Committee’s responsibility is to define the Group’s target and risk appetite regarding insurance assets and liabilities management; consider the allocation plan for strategic assets of insurance funds and the investment guidelines of insurance funds; review investment performance, the implementation and risk status on strategic assets allocation; propose relevant financial management strategy; make recommendation on insurance products; formulate policy for external investment trustee etc. The Insurance Asset Liability Management Committee is currently composed of 17 members, which is chaired by the President of the Company.
The Connected Transactions Management Committee
The Connected Transactions Management Committee is generally responsible for the management and risk control of connected transactions of the Group. In details, its responsibilities include determining the management aims, management strategies, fundamental policies, management rules and regulations of connected transactions as well as coordinating the establishment and improvement of connected transactions management system. The Committee is also responsible for considering material connected transactions, reviewing the report on connected transactions management and the report on connected transactions and implementation of management system of connected transactions, supervising the progress of execution of schedule for connected transactions management, evaluating the performance of departments in charge of connected transactions management as well as regulating other material aspects of connected transactions. The Connected Transactions Management Committee is currently composed of 8 members, which is chaired by the Chief Internal Auditor of the Company.
The Global Systemically Important Insurer Committee
The Global Systemically Important Insurer Committee directs Global Systemically Important Insurer (G-SII) projects according to regulatory requirements, reviews the annual Systemic Risk Management Plan (SRMP) and Recovery and Resolution Plan (RRP) before submission to the Board and regulators, guides and supervises the management of systemic risks across the group. The Global Systemically Important Insurer Committee is currently composed of 5 members, which is chaired by the Chief Internal Auditor of the Company.