Allied Esports announces Wu as new CEO as Ng departs
| By Richard Mulligan
Allied Esports Entertainment has announced the departure of chief executive Frank Ng and appointment of replacement Libing (Claire) Wu.
On the day the esports entertainment group completed the sale of its poker assets – including the World Poker Tour – to Element Partners, Allied Esports said Wu will assume the roles of chief executive, president and general counsel.
The New York attorney was previously an independent director on the company’s board and has extensive legal and business experience in cross-border transactions, U.S. securities regulation, mergers and acquisitions, capital market transactions, as well as corporate strategic planning and structuring.