Future FinTech Group promotes Hu Li to CEO
Future FinTech Group, a US and China-based fintech, has appointed Hu Li as the firm’s new CEO and president, effective 5 August 2024.
Future FinTech Group names Hu Li as new CEO
Founded in 1998 and headquartered in New York, Future FinTech is a financial and digital technology vendor with enterprises spanning blockchain-based e-commerce, asset management, and supply chain financial services.
According to its LinkedIn page, the company is also developing cross-border remittance and digital banking services.
Li, who has also been made a member of the board, has been tasked with overseeing the firm’s international expansion, its investment and financing activities, and promoting the business’ “continued strategic transformation and development”.
The incoming CEO takes the reigns from Shanchun Huang who resigned as head of the company “for personal reasons, and not because of any disagreement with the company, its management or its directors,” the firm clarifies.
Li first joined Future FinTech over five years ago as corporate secretary. Since January 2024, he has been serving as director and CEO of FTFT International Securities and Futures Limited, a wholly-owned subsidiary of the company.
Speaking on the firm’s latest appointment, Foyou Li, Future FinTech’s chairman of the board, states Li has “played an important role as the company transitioned into a fintech company with a diversified portfolio of financial services businesses”.
He adds: “Li has accumulated deep knowledge of our new business and rich management experience during the past five years with the company.”
Li is the latest in a series of CEO appointments this August, including Johan Nord’s promotion at Estonian start-up Montonio and Shawn Stone’s hiring at LendingPoint.
