Published May 03, 2017 | View complete press releases list |
Date: May 03, 2017
Categories: Innovation, retail, technology
Keywords: Ping An, Innovation
Ping An Insurance Company of China, Ltd. announced today that it has appointed Mr. Jonathan Larsen as Chief Innovation Officer of the Group and Chairman and CEO of Ping An Global Voyager Fund, a new $ 1 billion fund which will invest in fintech and health-tech opportunities globally on behalf of the group.
Mr. Larsen will be responsible for bringing new technologies, platforms and business models to Ping An's businesses in China and internationally. In addition he will seek to leverage Ping An's unique technology capabilities to add value to companies in which the Ping An Global Voyager Fund invests. Lastly, he will be responsible for identifying new platforms to support Ping An's international growth.
Ping An Global Voyager Fund will be managed from Hong Kong and will invest in fin-tech and health-tech businesses globally (largely ex-China). Initial size of the fund will be $ 1 billion, with the ultimate goal to be an internationally leading technology investment pioneer. Among other things, the Fund will provide potential access for investee companies to Ping An's 138 million customers, 1.2 million agents, 6,000 branches and extensive digital distribution assets in mainland China.
From its beginnings, Ping An has been a leading innovator within the Chinese market. The firm has successfully embraced international capital, globally benchmarked operations and management practices, world-leading technology capabilities, international partner organisations, and leading international talent to build its unique presence. Mr. Larsen will add significant global experience to Ping An's senior leadership team.
Mr. Larsen brings nearly 30 years of experience in the finance industry to Ping An. He spent 18 years at Citigroup ("Citi") where he was most recently Global Head of Retail Banking. Other roles performed by Mr. Larsen at Citi include Head of the Asia Pacific Consumer Business, CEO of Citibank Singapore, Head of Wealth Management Asia and Head of Business Development for Asia-Pacific. Mr. Larsen led many innovations at Citi including important contributions to the firm's digital platforms, new distribution models and a wide range of new product offerings. Prior to joining Citi, Mr. Larsen was a Principal in the global management consulting firm Booz Allen & Hamilton, advising financial institutions across Asia and globally.
Ping An Chairman and CEO, Peter Ma said, "Mr. Larsen has a strong reputation as an innovator in the financial sector in Asia and globally. He brings a rare combination of global insight and management experience in both finance and technology. We are very pleased to have him as part of our leadership team."
"Ping An is the most innovative financial group in China, and a leader in China's fin-tech and health-tech sectors. I look forward to helping Ping An access global innovations in finance and technology and build a global presence in fin-tech and health-tech. I feel privileged to be a member of Ping An's leadership team and part of this unique organisation," said Mr. Larsen.
Re-disseminated by The Asian Banker from Prnewswire.com
Ping An Insurance Company of China, Ltd. announced today that it has appointed Mr. Jonathan Larsen as Chief Innovation Officer of the Group and Chairman and CEO of Ping An Global Voyager Fund, a new $ 1 billion fund which will invest in fintech and health-tech opportunities globally on behalf of the group.
Mr. Larsen will be responsible for bringing new technologies, platforms and business models to Ping An's businesses in China and internationally. In addition he will seek to leverage Ping An's unique technology capabilities to add value to companies in which the Ping An Global Voyager Fund invests. Lastly, he will be responsible for identifying new platforms to support Ping An's international growth.
Ping An Global Voyager Fund will be managed from Hong Kong and will invest in fin-tech and health-tech businesses globally (largely ex-China). Initial size of the fund will be $ 1 billion, with the ultimate goal to be an internationally leading technology investment pioneer. Among other things, the Fund will provide potential access for investee companies to Ping An's 138 million customers, 1.2 million agents, 6,000 branches and extensive digital distribution assets in mainland China.
From its beginnings, Ping An has been a leading innovator within the Chinese market. The firm has successfully embraced international capital, globally benchmarked operations and management practices, world-leading technology capabilities, international partner organisations, and leading international talent to build its unique presence. Mr. Larsen will add significant global experience to Ping An's senior leadership team.
Mr. Larsen brings nearly 30 years of experience in the finance industry to Ping An. He spent 18 years at Citigroup ("Citi") where he was most recently Global Head of Retail Banking. Other roles performed by Mr. Larsen at Citi include Head of the Asia Pacific Consumer Business, CEO of Citibank Singapore, Head of Wealth Management Asia and Head of Business Development for Asia-Pacific. Mr. Larsen led many innovations at Citi including important contributions to the firm's digital platforms, new distribution models and a wide range of new product offerings. Prior to joining Citi, Mr. Larsen was a Principal in the global management consulting firm Booz Allen & Hamilton, advising financial institutions across Asia and globally.
Ping An Chairman and CEO, Peter Ma said, "Mr. Larsen has a strong reputation as an innovator in the financial sector in Asia and globally. He brings a rare combination of global insight and management experience in both finance and technology. We are very pleased to have him as part of our leadership team."
"Ping An is the most innovative financial group in China, and a leader in China's fin-tech and health-tech sectors. I look forward to helping Ping An access global innovations in finance and technology and build a global presence in fin-tech and health-tech. I feel privileged to be a member of Ping An's leadership team and part of this unique organisation," said Mr. Larsen.
Re-disseminated by The Asian Banker from Prnewswire.com
