A former insurance executive is expected to take the helm at a privately invested bank to be launched by Tencent Holdings (00700.HK), 21st Century Business Herald reported Tuesday, citing sources.
Gu Min, former deputy general manager of Ping An Insurance Group, is tipped to head the new lender to be established in Qianhai, a special economic zone in Shenzhen.
Gu, 40, worked for Ping An for nearly 14 years and is believed to have played a key role in its internet finance business.
Gu resigned from the insurer at the end of 2013 over differences with chairman Ma Ming Zhe on company strategy, the report said.
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