SHANGHAI, Dec. 7, 2017 /PRNewswire/ -- Dianrong today made
a series of senior executive announcements:
Soul Htite, Founder and former CEO, has been named
Executive Chairman of the Board. In this role, Mr. Htite will
continue to lead the Board and oversee strategic planning and
growth activities. He will also focus on strengthening Dianrong's
technology leadership position and identifying new strategic
fintech partnerships across Asia
Pacific.
Kevin Guo, Founder and
former Co-CEO, will serve as Co-Chairman of the Board. Mr. Guo will
explore new business opportunities across China and Asia, and work to further advance Dianrong's
government and industry relations activities, including promoting
fintech best-practices, innovation and investment.
Long Hsiang Loh, former
Chief Operating Officer, has been promoted to Chief Executive
Officer (CEO). Mr. Loh oversees all aspects of Dianrong's
day-to-day operations, including loan originations and servicing,
investment products and marketplace lending solutions.
Mr. Htite said, "Kevin and I started Dianrong five years ago
with a handful of people in Shanghai and a vision for marketplace lending
in China. Today, Dianrong has
thousands of talented employees all across China who offer a full-suite of fintech
solutions for SMEs and individuals. It's been an amazing journey so
far and we're only just beginning to realize this company's true
potential.
"In order to write the next chapter in the Dianrong's growth
story, Kevin and I decided that we needed to hand over the daily
operational responsibilities to a new CEO. We're very fortunate
that person is our own Long Hsiang
Loh, who has helped us develop and execute our current
strategy," said Mr. Htite.
Mr. Guo said, "With the recent US$220
million Series D round funding secured and continued
business expansion and product innovation, we believe Dianrong is
well-positioned for continued growth and success under Long Hsiang's leadership. We are confident that
his unique combination of traditional finance experience and
fintech know-how will ensure continuity and consistency in
Dianrong's business operations."
Prior to joining Dianrong, Mr. Loh spent 18 years with Standard
Chartered Bank, where he held various global and local leadership
positions. As Global Head of Markets & Institutional Risk
Management and Chief Credit Officer, Global Markets, he helped the
bank navigate through the Global Financial Crisis. In China, Mr. Loh was the Chief Credit Officer of
the Wholesale Bank, before moving on to run the business. He also
was General Manager of the Shanghai Branch, before serving as Deputy CEO
of Standard Chartered China, where he oversaw overall corporate
strategy, business expansion, human resources, risk management and
administrative affairs.
In 2013, Mr. Loh was named a "Shanghai Top 10 Financial
Innovation Leader" by Xinhua News Agency. He is certified as a
Financial Risk Manager by the Global Association of Risk
Professionals (GARP).
Dianrong recently announced Series D Round funding of
US$220 million led by GIC Private
Limited, Singapore's sovereign
wealth fund, along with CMIG Leasing, Simone Investment Managers,
and other institutional and individual investors.
Additional details about Dianrong executives are available at
www.dianrong.com/en/.
About Dianrong
Dianrong, a leader in online marketplace lending in China, originates US$500 million in monthly assets for 4 million
retail lenders. Founded in 2012, Dianrong offers individuals and
small and medium-sized enterprises a comprehensive, one-stop
financial platform supported by industry-leading technology,
compliance and transparency. The company's sophisticated and
flexible infrastructure enables it to design and customize lending
and borrowing products and services, based on industry-specific
data and insights, all supported by online risk-management and
operation tools. Dianrong's specific offerings include loan
originations, investment products and marketplace lending
solutions. Dianrong was also named in 2016 to the executive
directorship of the National Internet Finance Association of
China, led by the People's Bank of China. Based in Shanghai, Dianrong has 86 offices across
China. For more information,
please visit www.dianrong.com/en.
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SOURCE Dianrong.com