Yangzijiang Financial Implements Organizational Restructuring, Dissolves Chief Risk Officer Role

85

Yangzijiang Financial has announced plans for organizational restructuring aimed at bolstering its risk management function and oversight. Under the restructuring initiative, each investment committee will assume more explicit risk management responsibilities, reflecting a heightened focus on risk management within the company.

Moreover, the Compliance department’s scope will be expanded to encompass enterprise risk management, including risk controls and reporting.

As a result of these changes, the position of Chief Risk Officer (CRO) will be eliminated within the company. In light of this restructuring, the current CRO, Chiang Cheng Hong, will be reassigned to lead the group’s Cash Management operations.

Additionally, Chiang will join the respective Investment Committees to reinforce oversight of the group’s treasury and liquidity risk management functions.