Hong Kong Forex broker Guotai Junan appoints two non-exec directors

Maria Nikolova

Effective June 19, 2017, Mr. Xie Lebin has been appointed as non-executive director of Guotai Junan International and a member of the remuneration committee of the Board, whereas Mr. Liu Yiyong has been named non-executive director and a member of the risk committee of the Board.

Hong Kong securities brokerage Guotai Junan International Hold. Limited (HKG:1788) today announced two additions to the ranks of its non-executive directors. Effective June 19, 2017, Mr Xie Lebin and Mr Liu Yiyong are appointed non-executive directors of the broker. Mr Xie is also named a member of the remuneration committee of the Board, whereas Mr Liu is appointed a member of the risk committee of the Board.

Mr. Xie Lebin is the Chief Financial Officer and concurrently the General Manager of the Planning and Finance Department of Guotai Junan Securities Co Ltd (SHA:601211). His extensive career in the financial services sector started at the Investment Banking Department of Wanguo Securities Co., Ltd., where he work from July 1993 to March 1995. Mr. Xie subsequently served as an executive director of the Investment Banking Department of J&A Securities Co., Ltd. from March 1995 to August 1999 before becoming a Deputy General Manager of the Shanghai Investigation and Auditing Department of Guotai Junan Securities, where he worked from August 1999 to September 2000. He then worked as a Deputy General Manager of the investigation and auditing headquarters of Guotai Junan Securities from September 2000 to January 2006.

Afterwards, he served in various senior roles at Guotai Junan Securities before being appointed as the Chief Financial Officer and concurrently as General Manager of the Planning and Finance Department of Guotai Junan Securities in January 2017. Mr. Xie has also been Director of Guotai Junan Innovation Investment Co., Ltd since July 2012.

Mr. Xie holds a bachelor’s degree in economics from the Shanghai Fisheries University (currently known as the Shanghai Ocean University) and a master’s degree and a doctorate degree in economics from East China Normal University in Shanghai.

Mr. Liu Yiyong is the General Manager of the Compliance Department of Guotai Junan Securities. He started his career as a senior staff member of the Securities Supervisory Division of Shenzhen Branch of the People’s Bank of China – a role he held from March 1994 to March 1997. From March 1997 to October 1998, he served as a principal staff member of the Non-bank Financial Institutions Department of Shenzhen Branch of the People’s Bank of China. Mr. Liu was also a principal staff member of the Institutions Inspection Office of Shenzhen Supervision Bureau of China Securities Regulatory Commission from October 1998 to July 2002.

From April 2006 to July 2009, Mr. Liu was a staff member of the Market Division II of China Foreign Exchange Trade System.

Mr. Liu joined Guotai Juna Securities in July 2009 as a Deputy General Manager of the Compliance Department and was appointed as the General Manager of the Compliance Department of the company in June 2015.

Mr. Liu holds a master’s degree in economics. He obtained Master of Public Administration in the School of International and Public Affairs in the Columbia University in August 2003.

Guotai Junan made headlines in late 2015, when its chairman Dr. Yim Fung went missing. He could not have been reached for more than a month. On December 22, 2015, the broker published an announcement saying its chairman was back and that he “had been assisting in certain investigations carried out by Mainland authorities during the period he was unable to be reached. Neither Dr. Yim himself nor the Company was the subject of the investigations.”

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