BEIJING, CHINA — COFCO International, a China-based agribusiness giant, has named Khaja Qureshi as its new chief risk officer (CRO).

He replaces Tony Tian, who was named managing director regions of Brazil and North America.

Khaja will oversee the risk management framework, including market, credit and operational risk as well as insurance.

He joined COFCO International in 2018 as global head of market risk and deputy CRO before taking over day-to-day risk management operations as managing director later in 2018.

Before joining COFCO International, Khaja acquired more than 15 years of experience in business risk operations and global commodities market risk management at JP Morgan and Socar Trading.

Khaja will be based at COFCO International’s headquarters in Geneva and report to David Dong, chief executive officer of COFCO.