Wu Xiaohui
Wu Xiaohui (吳小暉) is Chairman and Chief Executive of Anbang Insurance Group, one of the largest insurers in China. He is married to Zhuo Ran, the granddaughter of Deng Xiaoping, the Chinese leader who orchestrated the transition away from a planned economy.[1][2] He is also linked to Chen Xiaolu, son of Chen Yi, a top military commander under Mao.[3] In a speech at a campus recruitment event at Harvard University, Wu claimed that he is close friends with Stephen Schwarzman, Chairman and CEO of the Blackstone Group.[4]
Over a ten-year period beginning with Anbang's founding in 2004, Wu transformed the insurer from a minor player in China's insurance market to a high-profile global investment firm.[5] Its registered capital rose from just Rmb500m ($77m) in 2004, to Rmb61.9bn ($9.5bn) a decade later.[6] As of mid-March 2016, Anbang claims to have assets of RMB1.65 trillion, or about USD 253 billion.[7] He is known for negotiating large transactions without the support of investment bankers, [8] and according to the Financial Times "makes all the key decisions" for Anbang. [9]
He is from rural Pingyang county near Wenzhou, a city in eastern Zhejiang province.[10] He was born in 1966.[11]
References
- ↑ http://blogs.wsj.com/briefly/2016/03/14/what-is-anbang-insurance-the-short-answer/
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