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Huarong International Financial deputy CEO resigns

Huarong International Financial Holdings Ltd. announced changes to its executive team, including the resignation of its deputy CEO.

The company said Dec. 8 that Peng Xuanxian resigned as deputy CEO "to pursue his career development."

Meanwhile, the company named Ye Bai as assistant to the CEO and chief risk officer. She served as a manager of the Shijiazhuang office of China Huarong Asset Management Co. Ltd., among others.

Following Ye's appointment, Deputy CEO Lee Po Tak Gilbert will relinquish his duties as chief risk officer.

All changes are effective Dec. 8.