Lufax Announces Change in Chief Risk Officer
Rhea-AI Summary
Lufax (NYSE: LU) announced a change in its risk leadership effective October 24, 2025. Ms. Youn Jeong Lim resigned as Chief Risk Officer due to personal work arrangements and the resignation took effect immediately.
The Board appointed Jianbo Cheng as Chief Risk Officer effective the same date. Mr. Cheng joined Lufax in April 2025 as Chief Risk Expert and previously served as General Manager of Pudao Credit (Aug 2021–Mar 2025) and held senior risk roles at Jingdong Digits/ JD.com (Aug 2014–Jul 2021). His earlier career includes roles at Ping An Bank, HUA XIA Bank, FICO, and Ant Financial. Mr. Cheng holds a Bachelor in Finance (June 2004) from Hubei University and an MBA (June 2024) from Tsinghua University.
Positive
- New CRO appointment effective Oct 24, 2025
- Appointee joined Lufax in April 2025 as Chief Risk Expert
- Appointee has senior risk leadership experience at JD.com (2014–2021) and Pudao Credit (2021–2025)
- Appointee holds an MBA from Tsinghua University (June 2024)
Negative
- CRO resignation took effect immediately, posing near‑term transition risk
- Short internal tenure at Lufax (joined April 2025) may limit institutional continuity
News Market Reaction 12 Alerts
On the day this news was published, LU gained 2.80%, reflecting a moderate positive market reaction. Argus tracked a trough of -3.6% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $76M to the company's valuation, bringing the market cap to $2.78B at that time.
Data tracked by StockTitan Argus on the day of publication.
The Board would like to take this opportunity to express its appreciation to Ms. Lim for her significant contribution to the Company during her tenure of office and extend its warmest welcome to Mr. Cheng on his appointment.
Mr. Jianbo Cheng, aged 43, joined the Company in April 2025 and currently serves as the Chief Risk Expert of the Company. Prior to that, Mr. Cheng served as the General Manager of Pudao Credit Co., Ltd. from August 2021 to March 2025. From August 2014 to July 2021, Mr. Cheng successively served as the Risk Director of the Consumer Finance Department, the Senior Director of the Individual Finance Group, and the General Manager of the Risk Management Center at Jingdong Digits Technology Holding Co., Ltd., and the Vice President of JD.com, Inc. (a company listed on NASDAQ (stock code: JD) and the Hong Kong Stock Exchange (stock code: 9618)). From October 2004 to August 2014, he successively worked at Shenzhen Development Bank Co., Ltd. (now known as Ping An Bank Co., Ltd., a company listed on the Shenzhen Stock Exchange (stock code: 000001)), HUA XIA BANK CO., Limited (a company listed on the Shanghai Stock Exchange (stock code: 600015)), Fair Isaac Corporation (FICO), and Ant Financial Services Group, where he was engaged in risk management, consulting, and senior expert roles. Mr. Cheng obtained a bachelor's degree in Finance from
About Lufax
Lufax is a leading financial services enabler for small business owners in
Investor Relations Contact
Lufax Holding Ltd
Email: Investor_Relations@lu.com
ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com
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SOURCE Lufax Holding Ltd
FAQ
When did Lufax announce the CRO change for LU and who is the new CRO?
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What is Jianbo Cheng's background before joining Lufax (LU)?
When did Jianbo Cheng join Lufax and what role did he hold prior to the CRO appointment?
What are Jianbo Cheng's educational qualifications noted in the Lufax (LU) announcement?
