About

After joining the legal team at Chinese international conglomerate and investment company Fosun in 2010, Xu Yao rose through the ranks quickly to assume the position of general counsel of the international legal team four years later. After the team merged with the domestic legal team in February 2016, Xu was appointed general counsel for the entire Fosun Group. Under his leadership, the department has transformed into an ‘international, professional and passionate’ legal team, with around 30 lawyers. Since 2013, Xu and the team have successfully concluded deals worth over $37bn, including the $1.4bn acquisition of Fidelidade, and $725m purchase of One Chase Manhattan Plaza in 2015. As Fosun continues to invest across the globe, Xu has set up a team of international legal talents with dual-qualifications to fulfil the company expansion plans as well as combat the challenge of a domestic economy that has recently slowed. He says ‘managing a good team consisting of excellent lawyers is not only dependent on money but also relys on team cohesiveness. Make your team members happy and they will be willing to work with you’.