Deng bin, who has joined Ping An Insurance (Group) Company Of China Ltd(601318) only for more than three months, was hired again.
On March 28, Ping An Insurance (Group) Company Of China Ltd(601318) ( Ping An Insurance (Group) Company Of China Ltd(601318) , Ping An Insurance (Group) Company Of China Ltd(601318) . Sh; 2318. HK) announced that the company held the ninth meeting of the board of directors on the same day, which was presided over by Chairman Ma Mingzhe. After full discussion, the directors attending the meeting deliberated and adopted the proposal on appointing Deng bin as the assistant to the general manager of the company.
Ping An Insurance (Group) Company Of China Ltd(601318) said that according to the needs of the company’s operation and development, the board of directors selected Deng bin as the assistant to the general manager of the company. Previously, Deng bin had been the CEO of the company. The above qualifications are subject to regulatory approval.
Deng bin, 52, joined Ping An Insurance (Group) Company Of China Ltd(601318) , in December 2021. Before joining Ping An Insurance (Group) Company Of China Ltd(601318) , Deng bin served as chief investment officer of China The Pacific Securities Co.Ltd(601099) insurance (Group) Co., Ltd. ( China Pacific Insurance (Group) Co.Ltd(601601) 601 , China Pacific Insurance (Group) Co.Ltd(601601) 601. Sh; 2601. HK), chief investment officer of China The Pacific Securities Co.Ltd(601099) insurance (Hong Kong) Co., Ltd., director of investment analysis and derivatives of AIA group, and director of market risk management Asia Pacific region (excluding Japan and South Korea) of American International Group (AIG).
According to the resume, Deng bin graduated from Baruch College of City University of New York, with an MBA and a master’s degree in quantitative model analysis. Deng bin has the qualification of Chartered Financial Analyst and financial risk manager, and is a visiting professor at the school of business of City University of Hong Kong.
When assuming the new Ping An position, Ping An Insurance (Group) Company Of China Ltd(601318) once announced that Deng bin would work closely with Chen Dexian, director of the investment management committee, and Zhang Xiaolu, chief risk officer, to further consolidate the group’s “Trinity” investment management system.
In March this year, Deng Bin said in an exclusive interview with surging journalists that the “Trinity” structure is of great benefit to Ping An’s risk management. In peacetime project management, the internal discussion of Ping An is very heated, sometimes even fierce. From a professional perspective, we are looking at where a project risk is, whether it should be avoided, and where to improve. After coming to Ping An, I really experienced many very professional and in-depth discussions.
Talking about his feelings when he first came to Ping An, he said frankly that there are two pressures at present, one is structural pressure and the other is immediate short-term pressure. Structural pressure, in short, is how to make the market more aware of the core value of insurance. Short term pressure, that is, how to bring a reasonable and relatively good return on investment in 2022 under the turbulent market environment.
On March 17, Ping An Insurance (Group) Company Of China Ltd(601318) released the annual report of 2021, which showed that the operating profit attributable to the shareholders of the parent company was 147961 billion yuan last year, with a year-on-year increase of 6.1%; The net profit attributable to shareholders of the parent company was 101618 billion yuan, a year-on-year decrease of 29%, which was mainly affected by the company’s impairment provision and other adjustments on China Fortune Land Development Co.Ltd(600340) related investment assets.
