Chinese wealth manager Hywin has hired a former investment banker from Citi to join as its chief financial officer.
Hywin's board of directors has approved the appointment of Lawrence Lok as its chief financial officer, according to a statement, effective August 12.
Lok succeeds ex-CFO Zhou Huichuan, who will assume the role of vice president of strategic projects.
Lok has 15 years of investment banking experience in the U.S. and Hong Kong across IPOs, private fundraising, M&A and other transactions for leading tech, media and telecom companies and financial services groups in China and other parts of Asia. Most recently, he was a senior investment banker at Citigroup.
Post-IPO
According to Hywin, Lok's hire is part of its intention to «further bolsters its commitment to international standards of corporate governance and shareholder value» after listing on the Nasdaq in March.
«Lok will deploy his strong capital markets expertise to strengthen our shareholder value-centric business strategy, and broaden our conversations with the international investor community,» said Hywin Holdings chief executive Madame Wang Dian.
«Lok’s experiences in mergers & acquisitions will also be useful to Hywin’s pursuits of growth via both organic and inorganic avenues.«
