Yangzijiang Financial restructures, eliminates Chief Risk Officer role

The firm will re-assign its current CRO to Cash Management operations.

Yangzijiang Financial will undergo organisational restructuring to enhance its risk management function and oversight.

As part of the restructuring, each investment committee will have “more explicit risk management responsibilities.”

“In addition, the scope of the Compliance department will be expanded to include enterprise risk management, including risk controls and reporting,” the company added.

With the re-organisation, the company will no longer have a Chief Risk Officer (CRO).

Following the changes, the company will re-assign the current CRO, Chiang Cheng Hong, to run the group’s Cash Management operations.

Chiang will also join the respective Investment Committees to strengthen oversight of the group’s treasury and liquidity risk management.