China's Ant Group names new president in biggest reshuffle since regulatory revamp

China's Ant Group names new president in biggest reshuffle since regulatory revamp

People walk past the Ant Group logo at its booth at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo/File Photo

Han Xinyi will become president of China’s Ant Group and some units of the financial technology company will set up their own boards of directors to operate more independently, according to a source who saw an internal email from Ant CEO and chairman Eric Jing on Tuesday.