Chinese fintech giant Ant Group has hired a risk-control veteran as senior executive in its new consumer lending business unit, as the company moves through a lengthy state-guided restructuring process that started after its initial public offering was abruptly called off in 2020. The China Banking and Insurance Regulatory Commission’s office in Chongqing has approved the appointment of Qiao Zhanwen as the vice-president of Chongqing Ant Consumer Finance, according to a notice published by the regulator on Friday. Ant Group originally created the consumer lending arm in June last year to oversee its Huabei and Jiebei services, which had been...