As of 3rd January 2014
See “Executive Directors” for working experiences, positions and part-time jobs of Mr. MA Mingzhe, Mr. REN Huichuan, Mr. SUN Jianyi, Mr. KU Man ,Mr. YAO Jason Bo and 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 (previously 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 Shenzhen Development Bank 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 Chief Legal Officer since September 2003, Company Secretary since May 2008, General Manager of Legal Department of the Company since April 2007, the secretary of the Board from October 2008 to February 2012, and Joint Company Secretary from June 2004 to May 2008. Mr. Yao joined the Company in September 2003. He was previously a partner of Commerce & Finance Law Offices. Mr. Yao is a Fellow of The Institute of Chartered Secretaries and Administrators (FCIS) and Fellow of The Hong Kong Institute of Chartered Secretaries (FCS), and has an L.L.M. degree from Peking University.
Timothy Chan, Chief Investment Officer of Ping An Group, and Chairman of Ping An of China Asset Management (Hong Kong) Company. Prior to the current positions, he served as Chairman and CEO of Ping An Asset Management Company between 2006 and 2012 and Deputy Chief Investment Officer of Ping An Group since 2005. Mr. Chan is also Vice Chairman (Non-executive Director) of Yunnan Baiyao Group Co., Ltd. Graduated with a Bachelor’s Degree from University of Hong Kong in 1984, he has over 28 years of working experience in investment and fund management industry. Before he joined Ping An Group in 2005, the companies he served including BNP Paribas Asset Management Asia Ltd., BZW Investment Management (ASIA) Ltd （wholly owned subsidiary of Barclays Bank ）, Sun Hung Kai Investment Management (HK) Company and Scimitar Asset Management (wholly owned subsidiary of Standard Chartered Bank), as Chief Investment Officer, Investment Director and Senior Fund Manager and Fund Manager respectively.
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 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.
As of June 30 2013
The Executive Committee
The Company has also 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 five management committees under the Executive Committee, namely, the Investment Management Committee, the Budget Committee, the Investor Relations Management Committee, the Risk Monitoring Committee and the Insurance Asset Liability Management 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 15 members, which is chaired by the President of the Company.
The Risk Monitoring Committee
The Risk Monitoring Committee is responsible for developing the overall objectives, basic policies and work systems of risk management according to the Company’s development strategy, guiding the establishment of subsidiaries’ risk management structure and overseeing the performance of their duties; monitoring Group’s risk exposure and available financial resources, timely sending advanced warning and making recommendations to response; supervising the operation of risk management system in various subsidiaries or business lines, following up the implementation of major recommendations of risk management from audit. The Risk Monitoring Committee is currently composed of 8 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.