Lufax Shares Rise After Ji Named Next CEO

Dow Jones02-18

By Amira McKee

Shares of Lufax jumped after the company named Co-Chief Executive Xiang Ji as its next CEO, effective April 1.

The stock surged 17% to $3.13 in Tuesday morning trading. The shares have risen 9% in the past year.

The operator of a financial services platform for Chinese small business owners said on Tuesday that CEO Yong Suk Cho will step down after his contract expires March 31 for family and personal considerations.

Ji, who previously worked at McKinsey & Consulting, will become the new CEO after Cho resigns, the company said.

Non-executive board directors Yonglin Xie and Xin Fu also are stepping down, effective Tuesday, and will be replaced by Fangfang Cai and Peifeng Li.

Write to Amira McKee at amira.mckee@wsj.com

(END) Dow Jones Newswires

February 17, 2026 11:29 ET (16:29 GMT)

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