On January 20, Ping An Insurance (Group) Company Of China Ltd(601318) announced that the board of directors of the company decided to appoint Deng bin as the chief investment officer of the company, and Deng Bin’s qualification has yet to be approved by the China Banking and Insurance Regulatory Commission.
In addition, Chen Dexian, the former chief investment executive of the company, will no longer hold this position due to his personal age, but will continue to serve as the director of the group’s investment management committee. It is understood that Chen Dexian was born in December 1960 and joined Ping An Insurance (Group) Company Of China Ltd(601318) in 2005.
According to Ping An Insurance (Group) Company Of China Ltd(601318) , Deng bin, 52, joined the company 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. and 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).
Deng bin graduated from Baruch College, City University of New York, USA, with an MBA and a master’s degree in quantitative model analysis. Deng bin has the qualifications of Chartered Financial Analyst and financial risk manager, and is a visiting professor at the school of business of City University of Hong Kong.
On September 28 last year, China Pacific Insurance (Group) Co.Ltd(601601) announced that Deng bin, chief investment officer, submitted a written resignation and resigned as chief investment officer of the company for personal and family reasons.
Ping An Insurance (Group) Company Of China Ltd(601318) said that after Deng Bin took office, Ping An Insurance (Group) Company Of China Ltd(601318) will continue to build a trinity investment management system.
Deng bin, chief investment executive officer, will be fully responsible for the company’s investment strategy and operation, strategic and tactical allocation of assets and investment team management, and be responsible for the company’s overall investment performance; Chen Dexian, director of the investment management committee, is responsible for reviewing major investment projects, assisting in risk control and early warning of major projects, and providing professional suggestions on investment strategy and operation; Zhang Xiaolu, chief risk officer, is responsible for investment background risk management, supervising, controlling and early warning investment decisions and project operation through process and system construction, and carrying out investment related compliance and audit.
The construction of the above system will help to further strengthen Ping An’s investment management ability, optimize the allocation strategy of venture capital investment and other assets, improve investment performance, strengthen risk control and post investment management ability, and promote the high-quality development of the investment sector.
