Corporate Governance
Board of Directors
Mr YIP Dicky Peter
Chairman and Independent Non-Executive Director
Mr YIP has served as Chairman and Independent Non-Executive Director of Lufax Holding Ltd since April 2025. Notably, Mr YIP served as our founding Chairman of Ping An Digital Bank (formerly Ping An OneConnect Bank (Hong Kong) Limited and PAObank) from August 2019 to November 2021. His extensive executive career includes senior roles such as Chief Executive of China business at the Area Office China of The Hongkong and Shanghai Banking Corporation Limited (“HSBC”), General Manager of HSBC, and Executive Vice President of Bank of Communications Co., Ltd., together with directorships at DBS Bank (HK) Limited, DBS Bank (China) Limited, Ping An Insurance, and original Ping An Bank.
Mr YIP has served as an independent non-executive director of HSBC Jintrust Fund Management Company Limited since December 2015 and independent non-executive director of Sun Hung Kai Properties Limited (a company whose shares are listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) (stock codes: 0016 (HKD counter) and 80016 (RMB counter))) since September 2004. He served as an independent non-executive director of South China Holdings Company Limited (a company whose shares are listed on the Stock Exchange (stock code: 413)) from December 2012 to June 2020, and an independent non-executive director of S.F. Holding Co., Ltd (a company whose shares are listed on the Shenzhen Stock Exchange (stock code: 002352) and the Stock Exchange (stock code: 6936)) from February 2017 to December 2022. Besides, Mr YIP had served in many consultative boards including Hong Kong Aviation Advisory Board, Hong Kong Arts Development Council and Hong Kong Urban Renewal Authority.
Mr YIP obtained his MBA degree from The University of Hong Kong and is a member of the Chartered Institute of Bankers, London. Mr YIP received the Ten Outstanding Young Persons of Hong Kong in 1984 for his contributions to the banking industry and the community in Hong Kong. Mr YIP was awarded the MBE by the British Government in 1984. In 1999, he was appointed Unofficial Justice of the Peace in Hong Kong. In 2000, he was awarded the Bronze Bauhinia Star by the Hong Kong Special Administrative Region Government. He also served two terms since June 2008 as a member of Shanghai Committee of the Chinese People’s Political Consultative Conference. Mr YIP is active in community and youth activities in Hong Kong and is a member of a number of service organizations such as an Honorary Council Member of the Hong Kong Committee for the United Nations Children’s Fund (UNICEF), Hong Kong Housing Society and Hong Kong Air Cadet Corps. Mr YIP was the last Commanding Officer of the Royal HK Auxiliary Air Force (since became the Government Flying Service) which was disbanded in March 1993.
Mr JI Xiang
Non-Executive Director
Mr JI Xiang has been the co-chief executive officer of Lufax Holding Ltd (“Lufax”) since October 2025, and the Director and the chief executive officer of Lufax since 1 April 2026. He possesses close to 20 years of cross-industry work experience in retail credit, risk management and investment management. Mr JI has held senior management positions in several subsidiaries of the Lufax Group, including the chairman and legal representative of Ping An Rongyi (Jiangsu) Financing Guarantee Co., Ltd. (平安融易（江蘇）融資擔保有限公司), and Jinjiong (Shenzhen) Technology Service Co., Ltd. (錦炯（深圳）科技服務有限公司) since January 2026 and December 2025, respectively. Mr JI served at McKinsey & Consulting Company Inc. from February 2014 to September 2025, with his last position as Global Managing Partner overseeing the Asia Retail Banking Business. From September 2007 to December 2012, Mr JI provided post-investment services and project management services to various institutions in the United Kingdom. Mr JI obtained a master’s degree in business management from INSEAD in December 2013, a master’s degree in telecommunication engineering from Politecnico Di Torino in June 2007, and a bachelor’s degree in communication engineering from Beijing Information Science and Technology University in June 2005.
Mr IU Man Chung
Executive Director and Chief Executive
Mr IU has over 20 years of solid experience in banking and finance. He held various leadership positions in global and local financial institutions, including China CITIC Bank International, Standard Chartered, PrimeCredit and GE Capital (HK). Prior to joining our Bank, Mr IU served as the Chief Executive of Airstar Bank and ZA Bank. His extensive experience spanning business management and strategies, risk management and product innovation has given him a deep understanding of customer needs and market trends, bringing unique insights and substantial experience in the development of digital banks.
Mr WANG Meizhou
Executive Director and Alternate Chief Executive
Mr WANG joined PingAn Group in 2010. He has held positions at Ping An Life Insurance, Ping An Property & Casualty Insurance, and Lufax Holdings, covering areas such as loans, insurance, and wealth management. He has experience in strategic planning, financial management, project management, and M&A.
Mr WANG holds a Bachelor of Economics degree from University of International Business and Economics and a Master of Business Administration (MBA) degree from Shanghai Jiao Tong University.
Ms LIU Xinyan
Non-Executive Director
Ms LIU has extensive experience in the U.S. and Hong Kong capital market and regulatory compliance, corporate governance, investment and financing, and mergers and acquisitions. Ms LIU joined Lufax in July 2020 as a senior legal consultant and has been serving as the general manager of the board office of the company since July 2022. Prior to joining Lufax, Ms LIU had more than 10 years’ experience in U.S. law firms and Internet industry. From October 2014 to July 2020, Ms LIU served as senior investment legal manager of Trip.com Group Limited (Nasdaq: TCOM; SEHK: 9961), General Counsel of Baidu Capital and LinkSure Group successively; from February 2006 to June 2008, and from September 2009 to November 2013, Ms LIU worked as legal consultant and associate at Skadden, Arps, Slate, Meagher & Flom LLP and Ropes & Gray LLP. Ms LIU received a Bachelor of Laws degree from Fudan University in 2004, a Master of Laws degree from University College London in 2005, and a Master of Laws degree from Columbia Law School in 2009. She was admitted to practice law in People’s Republic of China in 2008 and in the State of New York, the U.S. in 2010.
Mr YEUNG Tak Bun
Independent Non-Executive Director
Mr YEUNG is the former Government Chief Information Officer (head of department), Justice of the Peace; he was responsible for formulation of policies and strategies for Hong Kong’s overall digital technology; digital government; cyber-security; development of the digital economy, particularly for information technology industries; and formulation of the blueprint for developing Hong Kong into the world’s leading smart city.
He served as the Chief Corporate Development Officer of the Hong Kong Science and Technology Parks Corporation and was responsible for the development strategy of the science park, incubation programmes for start-ups, and nurturing technology enterprises. Mr YEUNG started his career in Silicon Valley and had worked for several high-tech companies. Thereafter, he held several senior management positions in multinational corporations, Hong Kong listed companies and private equity funds, with operations throughout Asia. Mr YEUNG is currently an Independent Non-Executive Director of Yau Lee Holdings Limited (SEHK: 406), Chinasoft International Limited (SEHK: 354), UMP Healthcare Holdings Limited (SEHK: 722), and these companies are listed on the Main Board of the Stock Exchange.
Mr YEUNG holds a Bachelor of Science in Electrical Engineering from the University of Texas (Austin), a Master of Science in Electrical Engineering from Purdue University, and an Executive MBA from the Kellogg School of Management of the University of Northwestern in conjunction with the Hong Kong University of Science and Technology.
Mr SHEK Lai Him Abraham
Independent Non-Executive Director
Mr SHEK was a Non-Executive Director of the Mandatory Provident Fund Schemes Authority.
He served as an Independent Non-Executive Director of the MTR Corporation Limited. Mr SHEK also holds independent non-executive directorships at 16 listed companies. Mr SHEK was also a Member of Legislative Council, HKSAR, representing the Real Estate and Construction Functional Constituency from 2000 to the end of December 2021 and a Member of Advisory Committee on Corruption of the Independent Commission Against Corruption from January 2017 to the end of December 2022.
In recognition of his distinguished effort in community services, Mr SHEK was made a Justice of the Peace in 1995, received a Silver Bauhinia Star in 2007 and awarded a Gold Bauhinia Star in 2013.
Mr SHEK is a Court Member of Hong Kong Metropolitan University, a Court Member of City University of Hong Kong and an Honorary Member of the Court of The Hong Kong University of Science and Technology. He holds a Bachelor of Arts, a Diploma in Education from the University of Sydney and a Juris Doctor degree from City University of Hong Kong. Mr SHEK is also a member of the Court and Council of The University of Hong Kong. Mr SHEK is an Honorary Fellow of Lingnan University, The Hong Kong University of Science and Technology, The University of Hong Kong and The Education University of Hong Kong
Mr IP Koon Wing Ernest
Independent Non-Executive Director
Mr IP has over 40 years of experience in accounting and auditing including 34 years in PricewaterhouseCoopers Hong Kong (“PwC”) where he retired from PwC as a partner in 2019. In the same year, Mr IP joined as the Group Chief Financial Officer of Fung Group which comprises Li & Fung Limited (a company formerly listed on the Main Board of the HK Stock Exchange), Fung (1937) Management Limited and Convenience Retail Asia Limited (a company listed on the Main Board of the HK Stock Exchange (stock code: 0831)).
Mr IP has held various key positions in regulatory authorities and business associations. He was a member of the Listing Committee of the HK Stock Exchange from 2003 to 2009 and a member of the Dual Filing Advisory Group of the Securities and Futures Commission of Hong Kong from 2008 to 2014. Currently, Mr IP is a member of the Takeovers and Mergers Panel and the Takeovers Appeal Committee. Mr IP has been the Past President of the Hong Kong Business Accountants Association since 2023. He is also a member of the Guangdong Provincial Committee of the Chinese People’s Political Consultative Conference and a Vice President of the Council for the Promotion of Guangdong-Hong Kong-Macao Cooperation.
Mr IP is currently an Independent Non-Executive Director of Media Chinese International Limited, a company dually listed on the Main Board of the Hong Kong Stock Exchange (stock code : 685) and the Main Market of Bursa Malaysia Securities Berhad in Malaysia (stock code : 5090). Mr IP is also an Independent Non-Executive Director of OneConnect Financial Technology Co., Ltd., and an Independent Non-Executive Director of Lufax Holding Limited (a company listed on the New York Stock Exchange (stock code: LU) and HK Stock Exchange (stock code: 6623)).
Mr IP graduated from the Hong Kong Polytechnic University (formerly known as Hong Kong Polytechnic) in 1984 with a Professional Diploma in Accountancy. He is a fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants.
Mr SONG Max
Independent Non-Executive Director
Mr SONG is the founder and Chief Executive Officer of Carbonbase (carbonbase.co), an APAC based climate technology start up leveraging data science and blockchain for enterprise solutions for measuring, managing and reducing carbon emissions. Mr SONG is also a venture partner of Pacific Century Group. He was formerly a data scientist in Silicon Valley, Paris, and New York, where he helped to perform data analysis for a Fortune 10 financial institution to satisfy regulatory requirements. Previously, he worked in investment-related firms for Hong Kong family offices, where he had exposure in areas including TMT, AI, blockchain, and healthcare. Mr SONG worked as a data scientist in Silicon Valley for Ayasdi, Inc, where he helped with data analysis applications for finance, biotech and healthcare industries. Mr SONG obtained a Masters of Public Administration at Schwarzman College of Tsinghua University, and a Bachelor of Science degree from Brown University, where he majored in Applied Math. Mr SONG was a recipient of the 2021 Generation T Tatler List, and was a 2021 Forbes 30U30 recipient.
Board Committees
There are three committees under the Board of Directors (“Board”), namely Audit Committee, Board Risk Management Committee and Nomination and Remuneration Committee.
Audit Committee
Audit Committee reviews the Bank’s internal financial controls to identify, assess, manage and monitor financial risks and to review the Bank’s internal control systems. Audit Committee also reviews financial reporting and the internal audit function, oversees the work of the external auditors, discusses matters raised by internal auditors and external auditors and ensures that audit recommendations are implemented accordingly.
Board Risk Management Committee
Board Risk Management Committee exercises oversight on behalf of the Board of the overall risk appetite, risk exposure, risk management strategy and risk culture, makes recommendations to the Board on the Bank’s Risk Appetite Statement and key Risk Appetite Limits governing Credit Risk, Liquidity Risk, Market Risk and Operational Risk, and approves on behalf of the Board the Bank’s Internal Capital Adequacy Assessment Process. Board Risk Management Committee reviews the appropriateness, effectiveness and implementation of the Bank’s risk management systems and controls.
Nomination and Remuneration Committee
Nomination and Remuneration Committee identifies individuals suitably qualified to become members of the Board or key Senior Executive Members, and recommends such individuals to the Board. It also reviews the structure, size and composition of the Board and its effectiveness by annual evaluation and makes recommendations to the Board with regard to any adjustments that are deemed necessary for improvement. It is responsible for reviewing the framework and policies for remuneration, and determining remuneration packages of all individual Executive Directors and Senior Executive Members. NRC is also responsible for the bank culture aspects in ensuring that the Bank maintains a sound corporate culture that supports prudent risk management and that all levels of staff in the Bank have a strong commitment to achieving high ethical and professional standards and positive customer outcomes.