Xinhua Finance appoints Jae Lie COO

Source: Xinhua Finance

Xinhua Finance Limited, China's premier financial services and media company, today announced the appointment of Jae Lie as Chief Operating Officer.

Prior to the appointment Mr. Lie, who joined the Company in mid-2000, was President of Asian Operations. Reporting directly to the Chief Executive Officer, Fredy Bush, he will now be responsible for the company's worldwide operations, including all business units and subsidiaries.

As COO, Mr. Lie will take a leading role in integrating operations of recently-acquired US companies with the existing Asia-based platform of Xinhua Finance. His new role is aimed at allowing the executive team, particularly the CEO, to focus on strategic initiatives such as corporate strategy and investor relations activities.

CEO Ms Fredy Bush said the new appointment would facilitate the further growth of Xinhua Finance, which has experienced fast expansion since its inception in year 2000.

"Jae Lie has a remarkable market instinct that has proven invaluable to Xinhua Finance on its path of success," said Ms Bush. "His new role in the company reflects the growth of our operations and our stature as a Japan-listed public entity as well as our evolution to a global organization."

Ms Bush paid tribute to Mr Lie's contribution to the growth of Xinhua Finance, pointing to his significant international business expertise and unique insights into Asia.

"I believe Jae is an excellent choice for this position due to his expertise, integrity and passion in extending our business to the other half of the globe and making Xinhua Finance the best of its kind," Ms Bush said.

Mr. Lie has overseen the establishment of Xinhua Finance as the preferred financial information provider for China, as well as the expansion of the company's operations to Japan and Korea. Mr. Lie was also instrumental in the company's IPO, which, significantly, is the first China IPO on the Mothers Board of the Tokyo Stock Exchange.

Prior to joining Xinhua Finance, Jae Lie headed the North Asian operations for a Fortune 1000 company with gross revenue in excess of US$1.3 billion. In that role, Lie established and managed over US$200 million in revenue while playing an important role in its expansion of new products and offices.

Mr. Lie speaks Mandarin, Japanese, Korean and English, and has lived and worked in China, Taiwan, Hong Kong, Japan, Korea and the United States.

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