Thomas Xue
CEO/CFO
Male51 y/oCEO/President/General Manager/CFO/VP of FinanceLive in ShanghaiNationality China
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Work experience
CEO/CFO
McKintey Group2023.02-Current(3 years)Assist the board in formulating and implementing the company’s strategic plan. Manage company operations, finance, human resources, and risk management while overseeing the group’s IPO process.Independent Directors (HK and US Listed Companies)
Techstar (HK7855)2021.12-Current(4 years)Serve as Chairman of Audit Committee for reviewing external audits and participate in quarterly board meetings to provide independent opinions. Lakeshore Biopharm (NASDAQ: LSB) Attend quarterly board meetings to provide independent opinions. Serve on the Audit Committee, reviewing external audits.CFO
DeepWise Technology2021.04-2023.02(2 years)Managed company financial and accounting processes, internal control processes, fundraising, and M&A. Established financial leader teams,internal control and budget systems. Led IPO process and restructured the company into an overseas red-chip structure for being listed in HK. Executed the first acquisition in China AI medical imaging industry and successfully brought external investors for the last round of fund-rising to double the `company’s valuation.Vice Chairman/Global Partner
Fosun Hive Group2020.03-2020.12(10 months)Supervised the Fosun Real Estate Group and assisted the board and chairman in reforming the group’s organizational structure, business model, and strategic development plan as well as daily operations and investments. Established long- term financing channels with various financial institutions. Led Fosun’s overseas real estate investment teams in Europe, North America, South America, and Asia.CFO/Global Partner
Fosun Group (HK00656)2019.03-2020.03(a year)Supported the CEO and board in strategic planning, daily operations, and setting business objectives. Managed and optimized the group’s asset structure, achieving the best financial performance in Fosun Group’s history (net profit: 14.8billion CNY). Managed financial statements of Fosun International and worked with CEO to ensure the quality of financial statements and reports. Managed relationships with domestic and international investors, maintaining and managing the credit rating process. Managed relationships with financial institutions, establishing multiple financing channels to ensure the Fosun’ over hundreds of billions capital managed efficiently and effectively, and successfully introduce Century Life and Huaxia as strategic investors to stabilize the company's stock price. Promote the issuance of the first €400 million euros of public bonds by Chinese private enterprises; Guided Fosun’s subsidiary company - Fosun Henlius (HK2696)’s listing process in HK stock market. Supervised and formulated the financial management regulations and systems of the group, and monitored and evaluated the financial operation results of the group's subsidiaries and the investment results. Responsible for the annual budget preparation process and asset and debt restructuring plans, and participating in the development of the group's profit distribution plan. Sorted out the asset structure of the group, streamline investment and business allocation, and deal with inefficient and ineffective assetsChief Auditor/Global Partner
Fosun Group (HK00656)2013.04-2019.03(6 years)Established a global risk management system and team. Played a key role in the group’s major international investments and acquisitions, including: $1 billion acquisition and privatization of Club Med (France), €1 billion acquisition of Fidelidade (Portugal’s largest insurance company), €210 million acquisition of H&A (German private bank), $2.5 billion acquisition of Ironshore (US insurance company), and other investments in Brazil, Japan, and more. Built post-investment management and supervision systems.Formed a global whistle-blower system to collect and assess reports, conduct independent investigations, and report findings to the board and audit committee. Assisted the board in formulating risk management strategies and policies, while overseeing their implementation. Supervised the implementation of risk management policies and procedures and established risk management assessment standards and teams. Conducted an annual risk assessment to evaluate the external environment of the group and the internal risks of the enterprise, and develop an annual audit plan for the entire group. Responsible for timely and proper execution of audit plans, assisting the management team in rectifying policy, procedural, and operational deficiencies. Established anti-fraud investigation team and led fraud investigations to become one of the best fraud investigation teams in China. Initiated in establishing the first and largest nonprofit fraud preventive organization - "China Enterprise Anti-Fraud Alliance" to promote resource sharing and anti-fraud experiences in China.Chief Risk Officer / Head of Audit
CHINA2008.08-2013.02(5 years)Built internal audit and control systems from scratch, implementing SOX compliance across 30 operating subsidiaries in China. Developed and maintained compliance programs, reporting regularly to the board and senior management. Established and managed a risk management framework and plan for the organization's scope. Regularly reported audit results to the board of directors and senior management. Developed, maintained, and revise policies and procedures for the general operation of compliance plans and related activities to prevent illegal, unethical, or improper behavior. Establish guidance and management for reporting compliance hotlines. Regular reports to keep the board of directors and senior management informed of the operation and progress of compliance work. Responded to suspected violations of rules, regulations, policies, procedures, and codes of conduct by evaluating or recommending the initiation of investigation procedures. Developed and supervised a unified system for handling such violations. Designed and implemented internal controls, policies, and procedures to ensure compliance with applicable laws and third-party guidelines. Managed audits, control testing, and investigations and compliance issues. Provided compliance consulting, FCPA training, and guidance to all business departments and senior managements.Regional Audit Head
Briggs & Stratton2007.12-2008.07(8 months)Assisted in developing the group’s internal audit plan and executed financial, operational, and compliance audits across Asia and international subsidiaries.Risk Management Consultant
KPMG2005.08-2007.12(2 years)Led Sarbanes-Oxley, Internal audit and control improvement projects for clients in energy, retail, and transportation industries.Senior Internal Auditor
Snap-on Inc. (NYSE: SNA)2004.05-2005.07(a year)Led Sarbanes-Oxley, internal audits and company process improvements projects across global subsidiaries.Senior Accountant – (U.S.)
Lisu L. Tan & CO. , Ltd.2003.02-2004.04(a year)Provided accounting and tax services to corporate and individual clients.Business Development Executive - (China)
Federal Express1999.09-2000.08(a year)Managed logistics solutions and service agents across northern China in line with FedEx’s service standards.Auditor – (China)
Arthur Andersen & CO.1997.07-1999.08(2 years)Performed external audits for energy, mining, and retail companies listed in Hong Kong and U.S.
Educational experience
Boston University
Economics2000.09-2002.09(2 years)U.S.Renmin University of China
International Taxation1993.09-1997.09(4 years)Bachelor
Languages
English
Proficient
Chinese (Mandarin)
Native
Certificates
CPA
2002.05
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