Lufax (LU) Slashes 9.97% on Key Leadership Changes

We recently published 10 Stocks Crashing Hard Despite Highly Optimistic Market. Lufax Holding Ltd (NYSE:LU) is one of the worst-performing stocks on Tuesday.

Lufax Holding dropped by 9.97 percent on Tuesday to close at $2.98 apiece as investors digested key leadership changes in the company.

In a statement recently, Lufax Holding Ltd (NYSE:LU) said its chief risk officer, Youn Jeong Lim, officially tendered her resignation effective immediately, due to personal work arrangements. She was replaced by Jianbo Cheng, who has served as the chief risk expert since April 2025.

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Prior to his new appointment, he also served as general manager for Pudao Credit Co., Ltd., risk director for the consumer finance department, and vice president of JD.com, among others.

Typically, shares of listed companies fall on announcements of executive changes, especially during immediate resignations and/or the lack of reasons to satisfy shareholders.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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