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Lufax stock falls after Chief Risk Officer resigns

Published 24/10/2025, 13:52
© Reuters.
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Investing.com -- Lufax Holding Ltd (NYSE:LU) stock fell 4.1% in premarket trading Friday after the company announced the resignation of its Chief Risk Officer, Ms. Youn Jeong LIM.

The Chinese financial services company, which focuses on enabling small business owners, said LIM resigned due to personal work arrangements as her service agreement was set to expire. Her resignation took effect immediately, according to the company’s statement.

Lufax’s board has appointed Mr. Jianbo Cheng as the new Chief Risk Officer, effective October 24, 2025. Cheng, 43, joined Lufax in April 2025 and currently serves as the company’s Chief Risk Expert.

Prior to joining Lufax, Cheng served as General Manager of Pudao Credit Co., Ltd. from August 2021 to March 2025. His previous experience includes risk management roles at JD.com, Inc. (NASDAQ:JD), where he served as Vice President, and positions at several financial institutions including Ping An Bank Co., Ltd., HUA XIA BANK, Fair Isaac Corporation (FICO), and Ant Financial Services Group.

Cheng holds a bachelor’s degree in Finance from Hubei University and a master’s degree in Business Administration from Tsinghua University, which he obtained in June 2024.

Lufax is dual-listed on the New York Stock Exchange and Hong Kong Stock Exchange (HKEX:6623).

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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