China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Tuesday it has appointed Zhou Ji‘an, the Executive Director and General Manager of China United SME Guarantee Corporation (Sino Guarantee), to its board as a non-executive independent director.
According to China Rapid Finance, Ji’an brings over 18 years of experience in global organizations, financial institutions and government. Before joining Sino Guarantee, he served as a senior executive for China Export & Credit Insurance Corporation, the official export credit agency in China, and for China Life Insurance Co., Ltd. He is also a Senior Scholar of the Eisenhower Fellowships, the international nonprofit leadership organization, and holds a master’s degree in Economics from Renmin University of China.
Dr. Zane Wang, Founder and CEO of China Rapid Finance, stated:
“We are delighted to welcome Mr. Zhou to China Rapid Finance’s board of directors. He brings a strong track record of business leadership, a customer-centric approach to innovation and technology, and a wealth of asset management and risk control experience in the credit insurance industry that will be helpful as China Rapid Finance continues to expand its services across one of the world’s largest untapped consumer credit markets. We look forward to benefitting from Mr. Zhou’s insights and perspectives.”
“It is an honor to join China Rapid Finance as a Director at this incredibly exciting time of the Company’s expansion. Since inception, the rapid growth of China Rapid Finance’s consumer lending marketplace has reflected the strong demand for affordable credit from China’s 500 million Emerging Middle-class Mobile Active consumers (EMMAs). I am confident that my diversified experience leading different types of financial institutions will help the Company continue to grow and further its mission. I look forward to contributing and supporting the Company on delivering long-term value for shareholders.”
China Rapid Finance went on to add Ji’an is the platform’s seventh board member. Other members include current and former senior executives of Hewlett Packard, McKinsey & Company, Morgan Stanley, UBS, and other prestigious institutions.