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 cutting-edge 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.

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