Xiaomi formally introduced the appointment of a brand new Vice-President and Chief Monetary Officer in the particular person of Alain Lam in August this 12 months. The corporate has now disclosed that the brand new CFO has formally resumed responsibility at its Beijing headquarters.

Mr. Lam will reportedly be in cost of coordinating and managing the Group’s monetary work. He’ll report on to CEO Lei Jun and President Wang Xiang.

The 46-year-old Alain Lam holds a grasp’s diploma in engineering from the College of Oxford. The Chinese language exec has expertise spanning over 20 years in funding banking. He has additionally labored beforehand as a managing director and the pinnacle of know-how, media, and telecom in the respected Credit score Suisse in the Asia Pacific. Earlier than his stint at Credit score Suisse, Mr. Lam was a managing director at Morgan Stanley masking fairness capital markets for know-how, media, and telecom in the Asia Pacific.

The place of Chief Monetary Officer at Xiaomi turned vacant in November 2019 when the Chinese language tech large introduced the elevation of its Government Director, Senior Vice President, and former CFO Mr. Chew Shou Zi to the function of President of Xiaomi Worldwide whereas he’ll proceed to serve in his capability as an Government Director and Senior Vice President. Xiaomi’s President Wang Xiang then took the function of Chief Monetary Officer in an appearing capability since April 10, 2020. He held the place till an acceptable candidate to function the CFO was recruited by the corporate’s CFO Search Committee.

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