On the move

Ping An names Larsen as innovation head

Jonathan Larsen, former retail banking president of Citibank, was appointed chief innovation officer of Ping An Insurance (Group) Co earlier this month. He will also become the chairman and CEO of the company’s newly established fund, which has a mandate to invest up to $1 billion in cuttingedge technologies in finance and medical health worldwide. While working at Citibank, Larsen helped develop digital banking and the distribution model of intelligent banks. Ma Mingzhe, CEO of Ping An Insurance, said the appointment would promote innovation and adoption of new technology in the company.

Gyehyun Kwon to lead Samsung local units

Samsung Electronics has named Gyehyun Kwon, its vice-president, as the new manager of its China area. Kwon once worked as a government official at South Korea’s embassy in the Netherlands and Honolulu and the presidential Blue House. He joined Samsung in 2005 in charge of overseas publicity and public relations. In March, he began to lead Samsung’s wireless business in China and promoted the release of the Galaxy S8 in the country. A report from Counterpoint Technology Market Research said the market share of Samsung in China was 3.3 percent in the first quarter of 2017, compared with 8.6 percent last year.

Chen, VP of Baidu Waimai, quits after three years

Chen Jinhui announced earlier this month that he has resigned as vice-president of China’s online food delivery platform Baidu Waimai. Chen