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Jack Ma's Ant Financial names new CEO ahead of 2017 IPO

Eric Jing will take over as the new CEO from Lucy Peng, who will retain her role as executive chair

Jack Ma

Lulu Yilun Chen 

Alibaba Group Holding's financial affiliate has appointed a new chief executive officer as it prepares for a highly anticipated 2017 initial public offering. Zhejiang Ant Small & Micro Financial Services Group named finance veteran and President Eric Jing to take the helm from Lucy Peng, who retains her role as executive chair, according to an e-mailed statement from the company Saturday. The management shuffle comes as Ant Financial is said to plan an IPO in Hong Kong next year, which could be one of the city's biggest debuts since 2010. Since its inception as the operator of ...

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First Published: Sat, October 08 2016. 21:24 IST