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China Daily (Latin America Weekly) - - Business - CHINA DAILY — AGENCIES

Rich Lesser gets third 3-year term at BCG’s helm

The Bos­ton Con­sult­ing Group, one of the world’s lead­ing man­age­ment con­sult­ing firms, an­nounced Rich Lesser (pic­tured) was elected for a third three-year term as its pres­i­dent and CEO, ef­fec­tive Oct 1. Rich’s re-elec­tion comes on the heels of BCG’s dou­ble-digit growth in 2017, and with an­nual growth over a four-year pe­riod av­er­ag­ing 15 per­cent. Among Lesser’s pri­or­i­ties are broad­en­ing and deep­en­ing BCG’s client re­la­tion­ships through fo­cused in­vest­ments in both in­dus­try and func­tional ex­per­tise, in­clud­ing dig­i­tal, an­a­lyt­ics, and other trans­for­ma­tive ca­pa­bil­i­ties. Lesser also in­tends to con­tinue strength­en­ing di­ver­sity in BCG’s hu­man re­sources.

JPMor­gan Chase & Co ap­pointed Mark Leung as CEO of its China op­er­a­tions. As a vet­eran with 21-year bank­ing ex­pe­ri­ence, Leung will be re­spon­si­ble for on­shore and off­shore ac­tiv­i­ties in China. The com­pany also an­nounced that it had sub­mit­ted an ap­pli­ca­tion to the coun­try’s se­cu­ri­ties reg­u­la­tor for set­ting up a new on­shore se­cu­ri­ties busi­ness in which the bank will own a 51 per­cent stake, sug­gest­ing the bank’s re­turn to China’s se­cu­ri­ties busi­ness.

Karen Chen, for­mer pres­i­dent of UBS (China) Ltd, was ap­pointed CEO at cryp­tocur­rency firm Higgs Block Tech­nol­ogy Pte Ltd. This marks her en­try into the dig­i­tal-as­set in­dus­try. Chen told Bloomberg that she left UBS for fam­ily rea­sons, and that the dig­i­tal-as­set in­dus­try has good busi­ness prospects but may have to deal with chal­lenges like se­cu­rity, risk man­age­ment and set­tle­ment is­sues. Chen said Higgs Block of­fers blockchain ad­vi­sory ser­vices to its clients in China, where the tech­nol­ogy is still nascent but with good po­ten­tial for growth.

HNA Cold Chain, HNA Group’s lo­gis­tics arm, ap­pointed Shi Yum­ing as fi­nance di­rec­tor, tak­ing over Zhong Peng and ef­fec­tive im­me­di­ately. HNA Cold Chain mainly serves the food in­dus­try. It has been ex­pand­ing its in­vest­ments in both do­mes­tic and overseas mar­kets. It will also uti­lize the group’s strengths in air ship­ping and trans­porta­tion to cul­ti­vate a global multi-chan­nel lo­gis­tics net­work.

Shang­hai Buy Quickly E-com­merce Inc has hired Liu Kai, for­mer vice-pres­i­dent of Fos­sil China, as its pres­i­dent. Liu will be in charge of the com­pany’s op­er­a­tions and busi­ness strate­gies, and will re­port to Liu Zhicheng, CEO. Liu Zhicheng said Liu Kai’s com­ing on board is essen­tial to the com­pany’s goal of go­ing global and fur­ther busi­ness growth. Liu Kai grad­u­ated from Ts­inghua Univer­sity, and has work ex­pe­ri­ence in tech­nol­ogy, e-com­merce, and sales.

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