Fintech Giant Lufax’s Co-CEO Yong Suk Cho Takes Over as Chairman

What’s new: Yong Suk Cho, co-CEO at Lufax Holding Ltd., has taken over as chairman of the New-York listed fintech company, according to the firm’s second-quarter earnings report

The new appointment at Lufax — which is backed by financial conglomerate Ping An Insurance (Group) Co. of China Ltd. — was approved earlier this month as Ji Guangheng resigned, Cho said in an Aug. 4 earnings call. Ji is a deputy general manager at Ping An.