Digital Lender XWBank Unveils New Senior Management Team

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Sichuan-based digital lender XWBank has appointed a new team of senior executives following the departure of former president Zhao Weixing in late April.

On 9 May XWBank revealed that it had appointed its second board of directors and supervisory board, as well as appointed new executives to its senior management team.

Wang Hang (王航) has been appointed chair of XWBank, while Zhou Shouzi (周受资), Cai Zengjun (曹曾俊), and Jiang Hai (江海) have been appointed deputy directors.

Jiang Hai will serve as bank resident, while Xu Zhihua (徐志华) will serve as as vice-president and chief risk officer, Li Xiusheng (李秀生) vice-president and chief information officer, and Liu Bo (刘波) chief operating officer.

Wang Hang holds a master’s degree from Peking University, and is currently the vice-director of New Hope Group (新希望集团) – one of the founders of XWBank.

Wang is also a shareholder supervisor for China Minsheng Bank and the vice-chair of Minsheng International (民银国际).

Wang previously served as chair and legal representative of XWBank after it commenced operations in 2016, yet subsequently resigned due to work obligations.

On 12 November 2018 XWBank appointed Wang as deputy director.

The new set of appointments comes after XWBank’s last president, Zhao Weixing (赵卫星), was appointed vice-president of Xiaomi Finance at the end of April.

XW­Bank was founded in De­cem­ber 2016 by Xi­aomi and New Hope Group (新希望集团). 

It is the first pri­vate bank in Sichuan province as well as the sev­enth in China. The lender is also the third in­ter­net bank to make its de­but in China, fol­low­ing on the heels of Ten­cen­t’s We­Bank and Al­ibaba’s My­Bank. 

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