#China #Shanghai #Lufax #Xiang Ji #Tao Wu

Lufax Announces New Co-CEO and CMO

On October 31, 2025, Lufax Holding Ltd, a prominent financial services provider for small business owners in China, unveiled significant changes in its executive leadership team. The company has appointed Mr. Xiang Ji as Co-Chief Executive Officer and Mr. Tao Wu as Executive Deputy General Manager and Chief Marketing Officer, effective immediately. These appointments mark a strategic move to bolster Lufax's leadership as it continues to address the evolving needs of small businesses.

Leadership Profiles

Xiang Ji

Mr. Xiang Ji, aged 43, brings nearly two decades of diverse experience spanning retail credit, risk management, and investment management. Before joining Lufax, Ji honed his skills at McKinsey & Company, where he served as the Global Managing Partner overseeing the Asia Retail Banking Business from February 2014 until September 2025. His impressive academic background includes a Master's degree in Business Management from INSEAD, a Master's in Telecommunication Engineering from Politecnico di Torino, and a Bachelor's in Communication Engineering from Beijing Information Science and Technology University.

Tao Wu

Mr. Tao Wu, who is 52 years old, has over 30 years of veteran experience across the financial insurance, automobile services, and internet sectors. Prior to his new role at Lufax, Wu held the position of Executive Director and CEO at Autohome from December 2023 to February 2025. His extensive tenure at Ping An Property & Casualty Insurance Company saw him ascend to numerous executive roles, including those of Director of Operations and General Manager of various branches. Wu completed his Bachelor's degree in Automotive Engineering from Tsinghua University in 1995.

Strategic Vision

The welcoming of Xiang Ji and Tao Wu into the executive management team illustrates Lufax's commitment to advancing its vision and growth. As small business owners increasingly seek tailored financial solutions, Lufax aims to leverage Ji's strategic insights and Wu's extensive marketing and operational expertise to enhance its service offerings.

The new leadership is expected to focus strongly on strengthening partnerships with the 85 financial institutions that currently work alongside Lufax, many of which have collaborated for over three years. By enhancing these alliances and expanding its range of financing products, Lufax seeks to respond more effectively to the evolving landscape for small businesses in China.

Company Overview

Lufax stands out in the market as a primary financial services enabler tailored for small enterprises in China. The company prides itself on its ability to craft innovative financing products that cater to the unique challenges faced by small business owners. In doing so, Lufax establishes a solid foundation of trust and collaboration with its funding partners, ultimately fostering sustainable business growth.

In conclusion, with the strategic appointment of Xiang Ji and Tao Wu, Lufax sets a precedent for industry leadership that places importance on collaboration and innovation in the financial service sector. The company is poised to face the future head-on.

Contact Information

For more information, please visit the Lufax Investor Relations page.

Investor Relations Contact
Lufax Holding Ltd
Email: [email protected]
ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: [email protected]