Since 2023, there have been frequent changes in the top management of Ant Money.
Text: Daily Financial Report He Chang.
Since Alipay was changed to no actual controller, Ant Consumer Finance Company, another consumer finance platform under Ant Group, has also undergone personnel changes again.
On January 19, with the approval of the Chongqing Supervision Bureau of the State Financial Supervision and Administration of the People's Republic of China, Lin Jiannan officially became the deputy general manager and chief risk officer of Chongqing Ant Consumer Finance, hereinafter referred to as Ant Money, and took office within three months.
Just as Lin Jianan, the former deputy general manager of Ant Group's digital financial risk management department, returned to Ant, Qiao Zhanwen, another deputy general manager of Ant Money, who was in charge of risk control, and Lin Jiannan and Qiao Zhanwen were both veterans of Ant's risk control business.
It is reported that Qiao Zhanwen has more than 10 years of experience as a senior risk manager in the consumer finance industry, and has been deeply involved in the construction and iteration of Ant Group's consumer credit risk management system.
The two elders are handed over
Looking back at Qiao Zhanwen's past resume, he was responsible for the quantitative risk management of ** credit loans in 2012; Since 2015, it has been responsible for the risk management of Huabei, borrowing and other products; In 2022, Qiao Zhanwen was promoted to Deputy General Manager and Chief Risk Officer of Ant Money.
It is worth mentioning that Lin Jiannan and Qiao Zhanwen, the new chief risk officers of Ant Money, are both pioneers in the field of Ant risk control. It is understood that Qiao Zhanwen and Lin Jiannan joined Ali Finance in 2012 and 2013 respectively, and after the establishment of Ant Financial, Qiao Zhanwen and Lin Jiannan respectively served as the head of the risk strategy of consumer credit and small and micro credit in the micro-loan risk management department of the company's micro-loan business group.
However, in 2022, Lin Jiannan briefly left Ant Group to serve as the chief risk officer of the independent legal person direct selling bank, Post Huiwanjia. According to public information, Lin Jiannan used to be the head of the data analysis team of the decision management department of the credit card center of Guangfa Bank, the risk management expert of small and micro credit of Ant Financial Services Group, the senior risk management expert (director) of the risk management department of Zhejiang MYbank, the senior risk management expert (general manager) of the risk management department of Ant Bank (Hong Kong), and the senior risk management expert (deputy general manager) of the risk management department of the digital financial line of Ant Technology Group. Chief Risk Officer of Post Hui Wanjia Bank.
There are frequent changes at the top
In fact, it is not only Lin Jiannan who has been appointed to a new position, but since 2023, there have been frequent changes in the top management of Ant Money.
First, in June 2023, Ant Consumer Gold changed its directors, adding Zhang Jianguang, Sun Yang, Zhou Shengxue, and Qian Jun as directors; In July 2023, Jin Xiaolong replaced Huang Hao, president of Ant Group's digital finance business group, and became the second chairman of Ant Money, entering the "Jin Xiaolong era".
According to public information, Ant Consumer Finance was approved for establishment in September 2020 and officially opened in June 2021 by the former Chongqing Banking and Insurance Regulatory Bureau, with an initial registered capital of 8 billion yuan, and its shareholders include Ant Technology Group, Nanyang Commercial Bank, Cathay United Bank (China)**, etc.
In addition to frequent personnel changes, Ant Money, which has been established for less than four years, has increased its capital twice. By the end of 2023, Ant Money's registered capital had increased to RMB23 billion, ranking first among domestic consumer finance companies, and an increase of RMB15 billion from the initial registered capital of RMB8 billion.
Revenue was slightly under pressure
It is worth noting that from the perspective of operating results, in recent years, Ant Money's revenue has been slightly under pressure. According to the latest financial report data, as of the end of June 2023, the total assets of Ant Consumer Gold were 19710.4 billion yuan, with total liabilities of 17838.3 billion yuan, total owner's equity 187$2.1 billion; During the reporting period, Ant Consumer Gold achieved a net profit of 44.5 billion yuan, a year-on-year decrease of 43%。
In addition, from June 4, 2021 to December 31, 2021, Ant Money's net loss was 106.6 billion yuan. In 2022, Ant Money's operating income was 414.9 billion yuan, with a net profit of 84.1 billion yuan.
It is also worth noting that in July 2023, Chongqing Ant Shangcheng Microfinance***, the original operating entity of Borrow, changed its name and adjusted its business scope, officially withdrawing from the small loan industry. In the same year, Huabei's business is expected to be adjusted in an orderly manner. At that time, the rectification of ants will complete an important part.
According to Ant Group's rectification plan, it has transferred its Huabei and Borrowbei businesses to Ant Consumer Finance to undertake operations, and after the rectification is completed, Huabei and Borrowbei will become the exclusive consumer credit products of Ant Consumer Finance.
As a licensed financial institution undertaking Huabei and borrowing, Ant Consumption is a new big player in the field of consumer finance in China, but "if you want to wear the crown, you must bear its weight", along with the huge amount of business delivery, Ant Consumption is also intensively carrying out a series of adjustments to adapt to the new situation, and the replacement of the chief risk officer means that Ant Consumption has also reached a new stage.
What kind of new story will Lin Jianan's return bring? The Daily Financial Report will continue to pay attention.