Ping An pulls back from the international stage
John Pearce gives up his CIO role in the Shenzhen insurance group after a tumultous 2008. With his departure, Ping An concludes it is done with its international experiments.
This is one of the more classic but unfortunate tales about expat life in China. John Pearce has given up his job as CIO of Ping An Insurance after losing a two-year battle to bring about change at the Chinese insurance company.In October last year, AsianInvestor reported that Pearce was still with Ping An, quashing widespread rumours at the time that he had been fired by the firm for his part in the multi-billion losses caused by an investment in the Fortis group. As we reported, he …
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