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Lufax Announces New Senior Management Hire

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Lufax (NYSE: LU) announced on October 31, 2025 the appointment of Xiang Ji as Co-Chief Executive Officer and Tao Wu as Executive Deputy General Manager and Chief Marketing Officer, effective immediately.

Mr. Xiang Ji, aged 43, brings nearly 20 years of cross-industry experience including roles at McKinsey (Global Managing Partner, Asia Retail Banking Business) and holds master's degrees from INSEAD and Politecnico Di Torino. Mr. Tao Wu, aged 52, has over 30 years' experience across insurance, auto services and internet sectors, with recent roles at Autohome and Ping An Property & Casualty. The company said it looks forward to their leadership to advance its strategy and growth.

Lufax (NYSE: LU) ha annunciato il 31 ottobre 2025 la nomina di Xiang Ji come Co-Chief Executive Officer e Tao Wu come Executive Deputy General Manager e Chief Marketing Officer, con effetto immediato.

Il signor Xiang Ji, di 43 anni, vanta quasi 20 anni di esperienza trasversale tra diversi settori, tra cui ruoli presso McKinsey (Global Managing Partner, Asia Retail Banking Business) e detiene lauree magistrali da INSEAD e Politecnico di Torino. Il signor Tao Wu, di 52 anni, ha oltre 30 anni di esperienza nei settori assicurativo, servizi automobilistici e Internet, con ruoli recenti presso Autohome e Ping An Property & Casualty. L’azienda ha dichiarato di confidare nella loro leadership per avanzare la sua strategia e crescita.

Lufax (NYSE: LU) anunció el 31 de octubre de 2025 el nombramiento de Xiang Ji como Co-Chief Executive Officer y Tao Wu como Executive Deputy General Manager y Chief Marketing Officer, con efecto inmediato.

El señor Xiang Ji, de 43 años, aporta casi 20 años de experiencia entre distintas industrias, incluyendo roles en McKinsey (Global Managing Partner, Asia Retail Banking Business) y tiene maestrías de INSEAD y Politecnico di Torino. El señor Tao Wu, de 52 años, tiene más de 30 años de experiencia en seguros, servicios automotrices y sectores de Internet, con roles recientes en Autohome y Ping An Property & Casualty. La empresa dijo esperar que su liderazgo impulse su estrategia y crecimiento.

Lufax(NYSE: LU)가 2025년 10월 31일자로 Xiang Ji를 공동 최고경영자(Co-CEO)로, Tao Wu를 실행부 부총지배인 겸 최고마케팅책임자(CMO)로 즉시 임명했다고 발표했다. Xiang Ji(43세)는 McKinsey에서의 글로벌 매니징 파트너, 아시아 소매은행 비즈니스 등 다양한 산업 간 20년의 경력을 보유하고 있으며 INSEAD와 토리노 폴리테크니코 대학에서 석사 학위를 보유하고 있다. Tao Wu(52세)는 보험, 자동차 서비스 및 인터넷 분야에서 30년이 넘는 경력을 가지고 있으며 최근 Autohome 및 Ping An Property & Casualty에서 근무했다. 회사는 그들의 리더십이 전략과 성장 추진에 기여하기를 기대한다고 말했다.

Lufax (NYSE: LU) a annoncé le 31 octobre 2025 la nomination de Xiang Ji en tant que co-PDG (Co-Chief Executive Officer) et de Tao Wu en tant que directeur général exécutif adjoint et directeur marketing (Executive Deputy General Manager and Chief Marketing Officer), avec effet immédiat.

M. Xiang Ji, 43 ans, apporte près de 20 ans d'expérience intersectorielle, notamment chez McKinsey (Global Managing Partner, Asia Retail Banking Business) et détient des masters de INSEAD et du Politecnico di Torino. M. Tao Wu, 52 ans, cumule plus de 30 ans d'expérience dans les secteurs de l'assurance, des services automobiles et d'Internet, avec des postes récents chez Autohome et Ping An Property & Casualty. L'entreprise a déclaré attendre de leur leadership qu'ils fassent progresser sa stratégie et sa croissance.

Lufax (NYSE: LU) gab am 31. Oktober 2025 die Ernennung von Xiang Ji zum Co-CEO und Tao Wu zum Executive Deputy General Manager und Chief Marketing Officer bekannt, mit sofortiger Wirkung.

Herr Xiang Ji, 43 Jahre alt, bringt fast 20 Jahre branchenübergreifende Erfahrung mit, darunter Positionen bei McKinsey (Global Managing Partner, Asia Retail Banking Business) und hält Masterabschlüsse von INSEAD und dem Politecnico di Torino. Herr Tao Wu, 52, verfügt über mehr als 30 Jahre Erfahrung in den Bereichen Versicherung, Autodienste und Internet, mit jüngsten Positionen bei Autohome und Ping An Property & Casualty. Das Unternehmen sagte, es freue sich auf ihre Führung, um seine Strategie und sein Wachstum voranzutreiben.

لُوفاكس (NYSE: LU) أعلنت في 31 أكتوبر 2025 تعيين شيانغ جي كو-الرئيس التنفيذي ومدير عام تنفيذي مساعد ورئيس التسويق، على أن يكون ساري المفعول فوراً.

السيد شيانغ جي، البالغ من العمر 43 عاماً، يجلب ما يقرب من 20 عاماً من الخبرة عبر صناعات مختلفة، بما في ذلك أدوار في McKinsey (Global Managing Partner, Asia Retail Banking Business) ويحمل درجات ماجستير من INSEAD وPolitecnico di Torino. السيد تاو وو، البالغ من العمر 52 عاماً، لديه أكثر من 30 عاماً من الخبرة في مجالات التأمين وخدمات السيارات وقطاعات الإنترنت، مع أدوار حديثة في Autohome وبر Ping An Property & Casualty. قالت الشركة إنها تتطلع إلى قيادتهما لدفع استراتيجيتها ونموها.

Positive
  • Immediate leadership reinforcement with two senior hires on 2025-10-31
  • Xiang Ji brings ~20 years cross-industry experience including McKinsey role
  • Tao Wu brings 30+ years in insurance, auto services and internet sectors
  • Executives hold advanced degrees (INSEAD; Politecnico Di Torino; Tsinghua)
Negative
  • No operational or financial targets announced alongside management changes
  • Potential short-term integration or strategy transition not quantified

Insights

Appointment of a Co-CEO and a senior marketing/operations executive signals a leadership restructuring with potential strategic implications.

Lufax Holding LtdXiang JiTao WuOct. 31, 2025. Mr. Ji brings almost 20 years of cross-industry experience in retail credit, risk and investment management, including his most recent role as Global Managing Partner for Asia Retail Banking at McKinsey from Feb 2014 to Sep 2025. Mr. Wu brings over 30 years of experience across financial insurance, auto services and internet sectors, with recent roles at Autohome and Ping An Property & Casualty.

The move changes the top leadership structure by introducing a Co-CEO model and naming a senior executive responsible for marketing and operations. Key dependencies include how responsibilities split between co-CEOs and how quickly the new CMO integrates with existing channels. Watch for any formal delegation statements, organizational charts, or governance documents clarifying authorities within the next few months, and for operational updates or strategy roadmaps disclosed by Lufax

SHANGHAI, Oct. 31, 2025 /PRNewswire/ -- Lufax Holding Ltd (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced that it has appointed Mr. Xiang Ji as the Co-Chief Executive Officer of the Company and Mr. Tao Wu as the Executive Deputy General Manager and Chief Marketing Officer of the Company, with immediate effect.

The biographical details of Mr. Ji and Mr. Wu are set out below.

Mr. Xiang Ji, aged 43, possesses close to 20 years of cross-industry work experience in retail credit, risk management and investment management. Mr. Ji served at McKinsey & Consulting Company Inc. from February 2014 to September 2025, with his last position as Global Managing Partner overseeing Asia Retail Banking Business. From September 2007 to December 2012, Mr. Ji provided post-investment service and project management service to various institutions in the United Kingdom. Mr. Ji obtained a master's degree in business management from INSEAD in December 2013, a master's degree in telecommunication engineering from Politecnico Di Torino in June 2007, and a bachelor's degree in communication engineering from Beijing Information Science and Technology University in June 2005.

Mr. Tao Wu, aged 52, has over 30 years of work experience in the financial insurance, automobile service and internet industries. Prior to joining the Company, Mr. Wu served at Autohome (a company whose shares are dually listed on the NYSE (stock code: ATHM) and the Hong Kong Stock Exchange (stock code: 2518)), where he held positions of executive director and Chief Executive Officer from December 2023 to February 2025, and Vice President from July 2016 to November 2020. Mr. Wu also worked at Ping An Property & Casualty Insurance Company of China, Ltd. ("Ping An Property & Casualty"), serving as a director of Ping An Property & Casualty from August 2023 to June 2024. From November 2020 to December 2023, Mr. Wu successively served as the Director of Operations, Deputy General Manager, and Executive Deputy General Manager at Ping An Property & Casualty. From August 2015 to July 2016, he served as the General Manager of Ping An Property & Casualty Guangdong Branch. From January 2012 to August 2015, he successively held positions as the Deputy General Manager and the General Manager of the Motor Insurance Claim Department at the headquarters of Ping An Property & Casualty. Mr. Wu served as the Deputy General Manager at certain branches of Ping An Property & Casualty, including Fujian Branch from May 2011 to January 2012 and Xiamen Branch from July 2008 to May 2011. From September 2001 to July 2008, he worked at Ping An Property & Casualty, mainly responsible for motor insurance underwriting and dealership channel management. Mr. Wu obtained a bachelor's degree in automotive engineering from Tsinghua University in July 1995.

The Company is pleased to welcome Mr. Ji as Co-Chief Executive Officer and Mr. Wu as Executive Deputy General Manager and Chief Marketing Officer and looks forward to their leadership in advancing the Company's vision and future growth.

About Lufax

Lufax is a leading financial services enabler for small business owners in China. Lufax offers financing products designed to address the needs of small business owners and others. In doing so, Lufax has established relationships with 85 financial institutions in China as funding partners, many of which have worked with Lufax for over three years.

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

Cision View original content:https://www.prnewswire.com/news-releases/lufax-announces-new-senior-management-hire-302600993.html

SOURCE Lufax Holding Ltd

FAQ

Who did Lufax (LU) appoint as Co-Chief Executive Officer on October 31, 2025?

Lufax appointed Xiang Ji as Co-Chief Executive Officer, effective immediately.

What roles did Tao Wu assume at Lufax (LU) on October 31, 2025?

Tao Wu was appointed Executive Deputy General Manager and Chief Marketing Officer, effective immediately.

What are Xiang Ji's prior credentials mentioned in the Lufax (LU) announcement?

Mr. Xiang Ji served at McKinsey as Global Managing Partner for Asia Retail Banking and holds master's degrees from INSEAD and Politecnico Di Torino.

What relevant experience does Tao Wu bring according to Lufax (LU)?

Mr. Tao Wu has over 30 years experience across financial insurance, automobile service, and internet sectors, including roles at Autohome and Ping An Property & Casualty.

When did these Lufax (LU) executive appointments take effect?

Both appointments took effect immediately on October 31, 2025.
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