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Ant Group CEO Simon Hu resigns due to personal reasons

Ant Group CEO Simon Hu resigns due to personal reasons Hu s exit comes at a time when Ant Group is working on plans to shift to a financial holding company structure following regulatory pressure to subject it to rules and capital requirements similar to those for banks. The Ant Group Board of Directors has accepted Mr. Simon Hu s resignation request, due to personal reasons, the company said. Simon Hu, the Chief Executive Officer (CEO) of China s Ant Group, has resigned from his position. Executive Chairman Eric Jing will replace him. The Ant Group Board of Directors has accepted Mr. Simon Hu s resignation request, due to personal reasons, Reuters quoted the company as saying in a statement.

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