SGOCO Group, a company focused on building its own brands and retail distribution network in the Chinese flat panel display market, has appointed David Xu as chief financial officer (CFO) and head of its Beijing office.
Xu’s career in finance and accounting spans nearly 20 years, in both Asia and North America. His experience includes leading finance and risk management positions with some of the world’s best-known organisations, such as General Electric (GE) and Yum! Brands. His nearly 10 years in GE includes Six Sigma Black Belt experience leading large-scale strategic projects.
Xu most recently served as CFO of China Maple Leaf Educational Systems and, prior to that, he was CFO of the World Bank IFC/CUNA Mutual Insurance joint venture company. He has also acted as an independent financial reporting consultant advising clients including Manulife Financial, Zurich Financial Services and TD Bank Financial Group. Xu holds an MBA in Corporate Finance from University of Illinois at Chicago and a Bachelors in English and American Literature from Beijing Normal University.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.