Leung Ka Kui, executive vice president and chief insurance business officer of Ping An Insurance (Group).Leung Ka Kui, deputy general manager of Ping An Insurance Co, was the highest paid senior executive in 2009 for A-share listed companies.Leung earned 28.59 million yuan in pre-tax salary in 2009, surpassing Frank Newman, chairman of Shenzhen Development Bank, 2008 s highest paid, with 15.98 million yuan in annual compensation. Newman ranked second with 17.41 million yuan this year.
All of the 10 highest paid executives are from the finance and real estate sectors, with Ping An Insurance claiming three spots.
It came as a surprise that Xu Minjie, deputy general manager of China COSCO, which was one of the worst performing companies, earned 5.19 million yuan and ranked among the top 20 best paid.
The Chinese mainland-listed companies had all released their annual reports by April 30.
Ten Highest Paid Executives of A-share Listed Companies
Rank
Name
Company Name
Ticker Symbol
Industry
Position
Pretax Salary in 2009 (million yuan)
1
Leung Ka Kui Dominic
Ping An Insurance (Group)
601318
Insurance
Executive vice president, chief insurance business officer
28.59
2
Frank Newman
Shenzhen Development Bank
000001
Banking
Chairman, CEO
17.41
3
Cheung Chi Yan Louis
Ping An Insurance (Group)
601318
Insurance
Executive director of the board, president
11.70
4
Richard Jackson
Ping An Insurance (Group)
601318
Insurance
Chief finance business officer
9.02
5
Ren Zhiqiang
Huayuan Property
600743
Real Estate
Chairman
7.07
6
Yuan Xiaobo
Huafa Industrial
600325
Real Estate
Chairman
6.63
7
Dong Wenbiao
China Minsheng Bank
600016
Banking
Chairman
6.55
8
Wu Dachuan
China Pacific Insurance (Group)
601601
Insurance
CFO
6.53
9
Chim Wai Kin
Bank Of China
601988
Banking
Chief credit officer
6.51
10
Hong Qi
China Minsheng Bank
600016
Banking
Managing director of the board, president
6.27
No 1, Leung Ka Kui, Dominic
Leung Ka Kui, executive vice president and chief insurance business officer of Ping An Insurance (Group). [File photo / CFP]
Leung Ka Kui Dominic, 61, has been executive vice president and chief insurance business officer of Ping An Insurance (Group) since June 2006 and March 2006 respectively.
Leung joined Ping An Insurance (Group) in January 2004 and served as Chairman and CEO of Ping An Life.
1996-2003 Managing director in Prudential Corporation Asia Ltd, Greater China.
1989-1996 Worked in Taiwan Nanshan Life Insurance Company, Ltd and his last position was the general manager of the company.
1975-1989 Worked in American International Assurance Company and his last position was senior vice president.
Leung has a Bachelor's degree in Science from the Chinese University of Hong Kong.
No 2, Frank Newman
Frank Newman, chairman and CEO of SDB. [File photo / China Daily]
June 2005-present, Chairman and CEO of Shenzhen Development Bank (SDB).
May 2005-June 2005, Acting chairman and CEO of SDB.
2004-June, 2005 Independent director of SDB.
2004-2004, CEO and deputy chairman of the broad center for Management of School Systems December.
2000-2005, Director of Korea First Bank.
1995-1999, Senior vice president, president, CEO and Director of Bankers Trust.
1993-1995, Finance undersecretary and deputy minister of the Ministry of Finance of the United States.
1986-1993, Vice president, CFO and deputy chairman of Bank of America.
1973-1986, Vice president, senior vice president, executive vice president and CFO of Wells Fargo.
1969-1973, Vice president of Citigroup.
1963-1969, Consulting manager of KPMG.
No 3, Cheung Chi Yan Louis
Cheung Chi Yan, executive director and president of Ping An Insurance (Group). [File photo / Asianewsphoto]
Cheung Chi Yan Louis, 45, has been an executive director since May 2006 and president since October 2003.
Cheung joined Ping An Insurance (Group) in February 2000 and previously served as senior advisor to the chairman, chief information officer, vice president and chief financial officer.
1993-2000 Management consultant and later became a global partner of McKinsey & Company, advising mainly financial services clients throughout Asia.
Cheung has a doctor degree in Business Information Systems from the University of Cambridge.
No 4, Richard Jackson
Richard Jackson, chief finance business officer of Ping An Insurance (Group), president of Ping An Bank Co. [File photo]
Richard Jackson, 53, has been chief finance business officer of Ping An Insurance (Group) since November 2005, and president of Ping An Bank Co, Ltd (previously named Shenzhen Ping An Bank) since March 2007 respectively.
Jackson joined Ping An Insurance (Group) in November 2005.
1985-2005, Jackson served in various positions at Citibank, including head of international business for Citigroup Insurance International, and financial institutions head for Asia Pacific, chairman and CEO of Citibank Hungary, director of Bank Handlowy in Poland and country manager and consumer business head of Citibank Korea.
1974-1985, Jackson served as deputy manager for Hong Kong and regional marketing manager for Asia in Commercial Union Assurance Corporation.
Jackson is the fellow of the Chartered Insurance Institute.
No 5, Ren Zhiqiang
Ren Zhiqiang, chairman of the board of Huayuan Property Co Ltd. [File photo / Asianewsphoto]
Ren Zhiqiang, 59, chairman of the board of Huayuan Property Co Ltd, chairman of the board and general manager of Huayuan Group Co Ltd.
Ren served as chairman of the board and general manager for Huayuan Property Co Ltd.
No 6, Yuan Xiaobo
Yuan Xiaobo. [File photo]
Yuan Xiaobo, chairman of the board of Huafa Industrial Co, president of Zhuhai Huafa Group Ltd.
Yuan served as general manager for Zhuhai Huafa Group Ltd.
No 7, Dong Wenbiao
Dong Wenbiao, chairman of China Minsheng Banking Corp. [File photo / Asianewsphoto]
Dong Wenbiao, 53, is the chairman of the board of China Minsheng Banking Corp (CMBC).
Dong is a member of the CPPCC, a deputy director of the Economic Committee of the CPPCC and a vice chairman of China Civilian Chamber of Commerce.
Dong was previously the president of CMBC.
Prior to joining CMBC, Dong was the chairman and president of Haitong Securities Co Ltd, director of the Bank of Communications, managing director of the Zhengzhou Branch of the Bank of Communications and a deputy dean of Henan Institute of Financial Management.
Dong holds a master s degree in economics and is a senior economist.
No 8, Wu Dachuan
Wu Dachuan, 37, has been the chief financial officer in China Pacific Insurance (Group) Co Ltd since December 2007.
He is also Director in other companies, including China Pacific Property Insurance Co Ltd. He holds a Bachelor's degree in Accounting from Nanyang Technological University, Singapore.
No 9, Chim Wai Kin
Chim Wai Kin. [qq.com]
Chim Wai Kin, chief credit officer of Bank of China Ltd since March 2007.
Prior to joining the Bank, Chim held various positions at Standard Chartered Bank, Bankers Trust Company and Deutsche Bank. While working with Deutsche Bank, Chim served as managing director and chief credit officer (non-Japan Asia).
Chim graduated from the Chinese University of Hong Kong with a Bachelor of Science in 1983, and obtained an MBA from Indiana State University, United States in 1985.
No 10, Hong Qi
Hong Qi, managing director and president of China Minsheng Banking Corp. [File photo / Asianewsphoto]
Hong Qi, 53, is a managing director of board of directors and president of China Minsheng Banking Corp (CMBC).
Hong was previously a managing director of the 4th session board of directors and the executive vice president of CMBC, the chairman of the Trade Union, the general manager of the Beijing Administrative Department (Beijing Branch), and a director of the Business Department of the head office of CMBC.
Prior to joining CMBC, Hong was the managing director of the Beihai Branch of the Bank of Communications, a deputy director of the Securities Research Institute of the Renmin University of China, and an assistant research fellow and a section chief at the head office of the People's Bank of China.
Hong holds a doctor's degree in economics and is a senior economist.
