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Prebys Introduces 2024 Grant Funding to Enhance Career Opportunities for Youth Across San Diego County

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Organizations Receiving Part of the $5.89 Million Foster a Thriving San Diego Workforce

Prebys funds 24 grantees as part of a commitment to ensuring San Diego County youth are thriving and actively engaged in their communities

SAN DIEGO, Sept. 18, 2024 /PRNewswire/ — Prebys Foundation awarded 24 local organizations $5.89 Million as part of a commitment to ensuring San Diego County youth are thriving and actively engaged in their communities.

“Paid internships help students gain essential experience, skills, and professional connections, ultimately bridging the socio-economic gaps that too often leave them behind,” said Grant Oliphant, CEO of Prebys Foundation. “We are excited to announce our 2024 ‘Youth Workforce’ grantees, who will expand the availability of internships and apprenticeships in key industries essential to San Diego County’s economy, including healthcare, creative fields, IT, STEM, education, construction, and environmental sectors. Our collective goal is to help more young people find pathways to successful careers and contribute to a brighter future for our community.”

The awarded organizations invest in systems, providers, and communities that support San Diego youth, helping them to learn, dream, and achieve their goals. Additionally, they have track records in workforce development and offer internships and apprenticeships in high-potential industries essential for San Diego’s growth. Awarded organizations include:

2024 Prebys Youth Workforce Grantees

Organization Name

Total

A Reason To Survive

$150,000

Balboa Art Conservation Center

$200,000

Black Tech Link

$100,000

California Center for the Arts, Escondido

$200,000

Casa Familiar

$325,000

Cesar Chavez Clubs

$155,000

Climate Science Alliance

$300,000

DISCO RIOT

$150,000

Garden 31

$300,000

Grossmont-Cuyamaca Community College District
Auxiliary Organization

$200,000

HomeAid San Diego

$100,000

inewsource

$110,000

Interfaith Community Services

$400,000

J Craig Venter Institute

$300,000

Kitchens for Good

$300,000

La Jolla Institute for Immunology

$300,000

National University

$350,000

Our Genetic Legacy

$200,000

San Diego Regional Fire Foundation

$200,000

Somali Family Service of San Diego

$400,000

The EcoLogik Institute

$275,000

United Domestic Workers Resource Center

$300,000

University of San Diego

$275,000

Urban Restoration Counseling Center

$300,000

Grand Total

$5,890,000

“Creating pathways for all students to participate in internships—regardless of their financial background—will empower them to contribute their talents and ideas while fostering a more inclusive workforce,” said Chris Sichel, Vice President of Programs.

[Special Note: quotes from awardees are available at the end of the press release.]

The Impact of Internships Revealed Through Data:

Learning while working is vital for students to succeed after they complete a degree or receive a credential. Work-based learning experiences help students learn new skills, build networks, and gain clarity on their future goals. Evidence has shown that holding an internship can increase academic performance, confidence in career-planning decisions, employability, and career satisfaction. Holding an internship can also help employers more readily recognize that a job candidate has valuable skills, which often leads to regular employment.

Paid internships stand out for their ability to yield significant benefits. Participants of paid internships often receive more job offers and command higher starting salaries compared to their peers in unpaid positions. A 2022 study highlighted that paid interns had a median starting salary of $62,500, significantly higher than the $42,500 reported by unpaid interns, indicating a substantial financial advantage over the course of a career.

About the Youth Workforce Grants:

Prebys Foundation issued an open call for proposals in March for organizations to provide paid internships and/or apprenticeships for youth ages 16-26. These internships give young adults the skills and training to be successful in the workplace, grow a current career sector, and allow youth who do not normally have access to paid internships the opportunity to earn and learn while building their social and professional network.

The organizations who are receiving a grant provide internships and/or apprenticeships in high-potential industries that are available and needed in San Diego. These industries include healthcare, the creative workforce, IT, STEM, education, construction, and the environment and are offered in all regions of the county. They serve youth from historically underinvested communities such as refugees, immigrants, justice-impacted, and unhoused.

Each grantee provided information on:

Length of internship or apprenticeshipWages offered and earning potentialTracking of long-term outcomesHistory in the workforce space

Background:

In 2023, The Conrad Prebys Foundation unveiled a strategic plan dedicated to enhancing community well-being by fostering purpose, opportunity, and belonging for every resident. This plan was shaped by over a hundred interviews and an extensive listening tour across the county.

The Foundation invests in visual and performing arts, medical research, health care, and youth success, envisioning a future where San Diego County youth have their basic needs met while pursuing education, training, and career opportunities. The ultimate goal is to equip youth with access to careers that provide self-sustaining wages, financial stability, and social mobility over the next 10 to 20 years. The details of that vision include:

Vision: Support a shared vision for youth that advances their inclusion and purpose.Opportunity: Offer access to a breadth of opportunities for youth within their communities, including jobs and workforce training, learning, art, and civic engagement.Well-Being: Ensure our youth are mentally and physically healthier.

About Prebys Foundation:
Prebys Foundation is the largest independent private foundation in San Diego County, a unique tri-national area encompassing communities from San Diego, Tijuana, and the Kumeyaay Nation. The foundation works to create an inclusive, equitable, and dynamic future for all San Diegans. Prebys advances excellence and shared opportunity through investments in groundbreaking institutions, ideas, and people to ensure more people in the region are financially secure, healthy, empowered, and connected. For more information about the Prebys Foundation, visit prebysfdn.org.

Quotes from the Awardees:
When asked about their vision for their continued work, those receiving the awards provided the following insight:

“We’re honored to receive support from the Prebys Foundation toward uplifting refugee and immigrant youth. Our program provides community health worker & peer support training, internship and job experience, and industry-recognized certifications. Paramount to our program’s success, youth who graduate will enter the workforce with the skills and confidence necessary to achieve upward economic mobility and contribute to public health,” – Ahmed Sahid, President and CEO, Somali Family Service

“Despite it being 2024, there is still a lack of diversity in science, technology, engineering, and mathematics (STEM) fields. At the EcoLogik Institute, we know that the only way we’re going to solve complex problems like climate change is to have diverse voices leading at the scientific table — and this starts with our youth. At the EcoLogik Leadership Academy, we are working to change the culture around STEM. Our continuum of support strives to cultivate the life- and technical skills needed to succeed in lucrative and important STEM careers, while also providing continual access to mentors and a community of like-minded individuals to support social and emotional learning. We are immensely grateful to the Prebys Foundation team for their commitment to lifting up and providing equitable opportunities for young leaders in our community and we are excited to partner with them on this powerful initiative.”- Samantha Wynns, Executive Director,  EcoLogik Institute

“We are thrilled to partner with the Conrad Prebys Foundation to expand our internship program at the J. Craig Venter Institute (JCVI). This generous support will allow us to provide more opportunities for community college students to transition seamlessly into four-year STEM programs. By leveraging JCVI’s science resources and expertise, we will empower our intern candidates with skills and experience needed to excel in the various fields of applied genomics including, human health, infectious diseases, environmental sciences and synthetic biology. This initiative aligns perfectly with Freire’s laboratory and JCVI  shared commitment to fostering a diverse and inclusive scientific workforce.” – Dr. Marcelo Freire, Principal Investigator, J. Craig Venter Institute

“BACC is incredibly excited to provide this Prebys-funded internship opportunity for those interested in pursuing a career in art and cultural heritage conservation. Access to conservation is extremely limited in our region, and as the only nonprofit conservation organization in San Diego, it is our responsibility to address this gap. Our partnership with the City of San Diego’s Civic Art Collection is unique as this will take place outside of a museum setting, and it opens the door to conversations about caring for public art and civic participation in preservation.” – Bianca Garcia, Program Manager and Associate Conservator of Paintings, Balboa Art Conservation Center

“Casa Verde is more than just a workforce development program; it’s a transformative experience that empowers youth to become leaders in environmental justice. Casa provides a hands-on approach and deep knowledge of climate change and community organizing to prepare youth for green jobs and hopefully a commitment to advocacy for a sustainable and just future.” – Lisa Cuestas, CEO & President, Casa Familiar

“Fire Chiefs throughout San Diego County say the current lack of paramedics is a top priority issue. We are thankful to the Prebys Foundation for partnering with us on this crucial need and for supporting youth on their path to becoming paramedics. Our grant will enable EMTs who cannot afford to attend a year-long paramedic academy the opportunity to become paramedics which will change the trajectory of their lives and open up for them wide-ranging career opportunities in public safety.  As paramedics, not only will they personally benefit, but they will be providing emergency medical services to residents in culturally diverse neighborhoods throughout San Diego.”  – Joan Jones, Executive Director, San Diego Regional Fire Foundation 

“Through this internship I have learned things about bond measures, parcel taxes, sales taxes, and distinction in government functions. However, I have also learned how to use my voice in a way entirely new to me. I have learned how to ignite change & what it means to be an organizer.

The most impactful part of this program was learning how to use my voice, which has leveled up my speaking skills and will be something I will carry on with me, even if my time as an organizer comes to an end.” – Jeremy Anderson, Intern from Canyon Hills High School, Cesar Chavez Service Clubs

“Throughout this experience, I have learned the importance of using your voice and starting with actions. It is one thing to talk and believe something but change isn’t going to happen without action. Not only have I learned about bond measures or taxes, but the importance of knowing your material as an organizer. This has helped build up my confidence.
What created the most impact on me would be the support my mentors have given in helping me believe that I could create change. I have seen a tremendous improvement in my confidence and willingness to initiate change. This experience has inspired me to not just involve myself but inspire my peers to create change.” – Gheyden Capulong, Intern from Morse High School, Cesar Chavez Service Clubs

“As a top provider of teaching credentials in California, National University is dedicated to removing barriers for aspiring teachers as they take time away from their busy lives to complete their courses and student teaching requirements. The Prebys Grant will help our ‘And-ers™,’ as we call them – learners working hard to balance being a student and employee, student and parent, or student and caregiver for aging parents – learn well, finish strong, and launch effectively into careers in education.” – Dr. Mark D. Milliron, president and CEO, National University

“Kitchens for Good is thrilled to collaborate with the Conrad Prebys Foundation on our Opportunity Youth Initiative, which enhances our apprenticeship and employment services for San Diego’s most vulnerable youth. In partnership with Urban Street Angels, we now offer our acclaimed culinary arts apprenticeship programs tailored specifically to meet the needs of opportunity youth in our community. The generous support from the Conrad Prebys Foundation will enable us to provide comprehensive support services integrated with tuition-free employment training, empowering youth to achieve self-sufficiency through rewarding careers in the culinary and hospitality sectors.” – Jennifer Gilmore, CEO, Kitchens for Good

“We are thrilled to receive this generous support from the Prebys Foundation for building the next generation of journalists. Our commitment to strengthening and sustaining the field has been part of our mission since the beginning and is critical to reverse the decline of local news and empower communities. Research shows the consequence of losing local news is a less-informed public, which leads to less voter and civic engagement, increases in government waste and polarization.  The need is also great for journalists who embrace fairness and ethics and have the skills to find and tell the truth. At inewsource, we practice and teach these principles.” – Lorie Hearn, CEO & Editor, inewsource

“We are thrilled to partner with the Prebys Foundation to create our apprenticeship program at UDW Resource Center, in partnership with UDW. This initiative is designed to empower and uplift care workers like Rosa Estrada from Estrada Family Childcare, who shared her experience:

‘This program helps me feel like a leader, although with all the responsibilities that we do, we are considered as workers of lesser importance, and this shows the difference. I’m always excited to meet my peers in this committee and learn with them. It’s important so we can integrate our knowledge and share it.” – UDW Resource Center

“My experience at ARTS, specifically the ARTS @ Work program, has fundamentally changed my outlook and personal goals while I interned for two semesters. I began to understand how two hobbies in my life didn’t have to stay separated; I understood how the arts and STEM could harmoniously interact in a way that constantly fueled me and the passionate peers around me. The mentors I had at ARTS not only taught me valuable skills that I utilized in my [high school] electronics lab class, but they also impacted me as I am navigating through my college years; I will never lose my spark of creativity. I’ll always measure things to the thousandths and protect my eyes when welding as an engineer, but I’ll always remember to enjoy the process and mistakes when painting and meticulously designing like an artist. It’s important to remind younger generations that pursuing a career in a more logical and technical field [like engineering] doesn’t mean you have to give up creative hobbies and interests. You will always find creativity in the depths of your work because, simply put, it is part of who you are. I’m forever thankful for the opportunities ARTS has given me, and I hope younger generations will see the value as well. ARTS has taught me that there is more than just STEM, but there is STEAM.” – Ren Sano (he,him), ARTS @ Work Youth Intern Alum, A Reason To Survive (ARTS)

“The ARTS@Work program was one of the most significant experiences that I had in my highschool career. I wrote about it briefly in the past, and I would like to share that with you, and I hope it applies!

Living in a predominantly immigrant community, I have seen the achievement gap face to face. My school district has infamously neglected its students and teachers, including at one point facing a $30 million dollar deficit resulting in teacher layoffs and defunct student services. I led a student walkout in support for my teachers and my fellow students, who were all deeply impacted by my district’s decision, and thus experienced my first exposure to the field of educational policy. However, I have also witnessed the engagement gap that exists within my community as a pessimistic view towards our education system and the opportunities that follow it has discouraged students in my community from even trying at all.

Due to these experiences, I have become deeply interested in the intersection between education, community, heritage, and youth involvement. How can youth education be mobilized into creating avenues of expression they are passionate for, while also creating opportunities to explore issues youth care about?  Pedagogy must be tied to policy so that students can experience having hands-on-learning opportunities that directly tie to their interests, background, and community.

The ARTS@Work program was that such experience for me in high school, where I was able to see education, community, heritage, and youth involvement intersect into my learning experiences and see how the ideals of creativity, hard-work, and career vision came to life in my life. I am currently a second-year student at Stanford University, and while I am not pursuing a career that is related to the engineering or creative fields, the ARTS@Work experience opened my eyes to what education could be, what it meant to be passionate and engaged and see my ideas come to life. Because of that experience, I am pursuing an Education minor at Stanford to be able to learn more about how to provide opportunities such as this one to under-resourced high schools such as my own.

My advice for students interested in creative and technical career pathways is to bring themselves and their passions into every facet of the design process that involves both. From ideation to creation to final product, their thoughts and experiences are relevant and important, even when their technical and creative experience may be minimal at best. That will come with time, but the experiences they have now are ALREADY valuable. ” – Yarely Duarte Perez, ARTS @ Work Youth Intern Alum, A Reason To Survive (ARTS)

“This award allows me to pay forward the support I received during my scientific training and ensure my mentees can give their best shot at pursuing scientific research at our institute” – Miguel Reina-Campos, Ph.D., Assistant Professor, La Jolla Institute for Immunology

“We are grateful to the Conrad Prebys Foundation for their generous support of our HomeAid Works program, their continued support has enabled us to expand our program and serve more homeless and less fortunate individuals who are eager to learn new skills and secure stable employment and start a career. HomeAid Works is a win-win for both the participants and the community, as it helps address the shortage of skilled workers in the construction industry and the lack of affordable housing in San Diego.” – Alan Willingham, Board Member, HomeAid San Diego

“I was amazed at the doors that opened up for me after completing the HomeAid San Diego’s WORKS Construction Training program. On the day of my graduation, I had the opportunity to interview with Lennar and shortly later was starting my dream job. This program also taught me the importance of money management and I have since moved into my own place with roommates and I’m currently saving for a car. I’m excited to go to work each day and greatly appreciate the wonderful opportunities this program has provided me.”  – Destiny Cole, Alumni, HomeAid San Diego’s WORKS Training Program

View original content to download multimedia:https://www.prnewswire.com/news-releases/prebys-introduces-2024-grant-funding-to-enhance-career-opportunities-for-youth-across-san-diego-county-302252619.html

SOURCE The Conrad Prebys Foundation

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Global AI Leader and Enterprise Transformation Visionary Zeya Ottomone Appointed Chief Executive Officer of Integrow

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Author of Empowered to Execute in the Agentic Era to Lead Next Generation of AI-Powered Enterprise Innovation

ATLANTA, July 24, 2026 /PRNewswire-PRWeb/ — Integrow announced the appointment of Zeya Ottomone as Chief Executive Officer, marking a significant milestone in the company’s evolution as it accelerates its vision to become a global leader in Agentic AI-powered enterprise software and business transformation.

Integrow announced the appointment of Zeya Ottomone as Chief Executive Officer, marking a significant milestone in the company’s evolution as it accelerates its vision to become a global leader in Agentic AI-powered enterprise software and business transformation.

With more than three decades of executive leadership spanning Fortune 500 enterprises, global technology organizations, and enterprise software innovation, Ottomone joins Integrow at a defining moment in the evolution of artificial intelligence.

Widely recognized for helping organizations modernize operations, simplify complex business ecosystems, and deliver measurable transformation outcomes, Ottomone has led some of the industry’s largest enterprise modernization initiatives across ERP, CRM, workforce management, cloud computing, cybersecurity, artificial intelligence, and intelligent automation. His appointment signals Integrow’s commitment to redefining how enterprises execute strategy in the era of autonomous AI.

“Artificial Intelligence is no longer about automation alone, it’s about empowering organizations to execute faster, make smarter decisions, and fundamentally rethink how work gets done,” said Zeya Ottomone, Chief Executive Officer of Integrow. “We’re entering the Agentic Era, where intelligent AI agents become trusted digital teammates capable of planning, reasoning, collaborating and executing alongside people. At Integrow, we’re building the enterprise platform that makes that future practical, secure and measurable for every organization.”

Ottomone is internationally recognized as a leader in enterprise technology, SaaS transformation, digital modernization and AI-enabled business strategy. Throughout his career he has held executive leadership and C-level positions with ABB, Honeywell, AmerisourceBergen, Cable & Wireless, Chicago Tribune and Rimini Street, leading global organizations through large-scale transformation initiatives across North America, Europe, Asia-Pacific and the Middle East. His expertise spans enterprise applications, Salesforce ecosystems, ServiceNow, ERP modernization, customer experience, intelligent operations, data strategy, and the emerging field of Agentic AI.

Before joining Integrow, Ottomone led global SaaS Centers of Excellence focused on enterprise transformation, helping organizations modernize critical business operations while reducing technology complexity and accelerating innovation. A certified Lean Six Sigma Master Black Belt and recognized executive advisor, Ottomone has consistently delivered operational excellence by combining strategic leadership with emerging technologies to create sustainable business value.

His appointment also coincides with the upcoming publication of his new book, Empowered to Execute in the Agentic Era, which explores how organizations can bridge the gap between strategy and execution by leveraging AI, empowering people, and building intelligent enterprises capable of continuous innovation. The book reflects many of the same principles that will guide Integrow’s next phase of growth: human-centered AI, intelligent automation, operational excellence, and measurable business outcomes.

Under Ottomone’s leadership, Integrow will accelerate investment across:

Agentic AIEnterprise AI PlatformsIntelligent ERPAI-powered CRMHuman Capital ManagementIT Service ManagementPredictive AnalyticsAutonomous WorkflowsEnterprise CopilotsIndustry-specific AI Solutions

The company’s vision is to deliver a unified enterprise platform where AI is embedded into every business process, enabling organizations to eliminate operational silos, automate decision-making, increase productivity, and create competitive advantage through intelligent execution. “Zeya represents exactly the type of visionary leader required for the next generation of enterprise software,” said Harvey Nicholson, Chair of Corporate Governance and Member of Integrow’s Board of Directors. “His global experience, deep understanding of enterprise technology, and forward-looking vision for Agentic AI position Integrow to become one of the industry’s most innovative AI-powered enterprise software companies.”

Wayne Gadson, Chair of Growth Strategy, added: “The future belongs to organizations that can execute strategy with intelligence, speed and confidence. Zeya has spent his career helping enterprises achieve exactly that. His appointment marks the beginning of an exciting new chapter for Integrow, our customers and our partners worldwide.” As enterprises face mounting pressure to modernize operations, reduce costs, improve workforce productivity and harness the power of artificial intelligence, Integrow is uniquely positioned to help organizations transform through a single AI-powered enterprise platform that unifies finance, operations, customer engagement, workforce management, projects and service delivery.

“Our mission is simple,” Ottomone concluded. “We don’t believe AI should replace people. We believe AI should elevate people. The organizations that will define the next decade won’t simply adopt AI—they’ll empower every employee to execute better decisions every day. That’s the future Integrow is building.”

About Integrow

Integrow is a global enterprise software company delivering next-generation AI-powered business applications built on Salesforce. The platform unifies ERP, CRM, Human Capital Management, IT Service Management, Project Management, Field Service, Finance and Operations into a single intelligent ecosystem enhanced by Agentic AI.

By embedding artificial intelligence into every workflow, Integrow enables organizations to modernize operations, accelerate innovation, improve decision-making and execute strategy with confidence.

For more information, visit www.integrow.com.

Media Contact

Media Team, Integrow, Inc., 1 855-333-4769, info@integrow.com, www.integrow.com 

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SOURCE Integrow, Inc.

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Lufax Announces Board and Management Changes

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SHANGHAI, July 24, 2026 /PRNewswire/ — Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced changes to its board of directors and senior management, effective July 25, 2026.

Ms. Fangfang Cai (“Ms. Cai”), Mr. Shibang Guo (“Mr. Guo”) and Mr. Peifeng Li (“Mr. Li”) have resigned as non-executive directors of the Company and from their respective positions on the Board’s committees. Mr. Tongzhuan Xi (“Mr. Xi”) has resigned as an executive director, the chief financial officer and the authorised representative of the Company (“Authorised Representative”) under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“Hong Kong Listing Rules”), with effect from July 25, 2026. Each of the four directors cited personal work arrangements as the reason for their resignation and confirmed there is no disagreement with the Board and no matter relating to their departure that needs to be brought to shareholders’ attention.

The Company has begun a search for a new chief financial officer. During the transition, the CFO’s duties will be temporarily assumed by the Company’s internal team to ensure continuity of the Company’s financial functions. Mr. Xiang Ji, an executive director and the Company’s chief executive officer, has been appointed as the Authorised Representative, the Company’s designated liaison with the Stock Exchange under the Hong Kong Listing Rules, in place of Mr. Xi, with effect from July 25, 2026.

The Board has appointed Mr. Wai Kin Chim (“Mr. Chim”) as an independent non-executive director for an initial three-year term commencing July 25, 2026.

Mr. Chim, aged 65, has over 40 years of experience in international banking and extensive board experience in Asia Pacific, having worked in Hong Kong, Singapore and Beijing. He specializes in risk management and internal control, with a strong emphasis on corporate governance, credit risk, market risk and capital management.

Mr. Chim served as a loan officer at Standard Chartered Bank, Hong Kong Branch, from October 1985 to August 1988. He was then employed by Bankers Trust Company, Hong Kong Branch, as a vice president of the Asia Credit Department from September 1988 to October 1996. He subsequently served as the managing director and the chief credit officer for Deutsche Bank AG, a company listed on the Frankfurt Stock Exchange under ticker symbol DBK, for Asia Pacific (non-Japan Asia), from October 1996 to November 2006. He joined Bank of China Limited, a company listed on the Main Board of the Stock Exchange under stock code 3988, as the chief credit officer from March 2007 to March 2015.

Mr. Chim was an independent non-executive director of Standard Chartered Bank (China) Limited from October 2015 to October 2017. He served as an independent non-executive director of HDR Global Trading Limited, owner and operator of the BitMEX digital asset trading platform, from February 2021 to February 2022. Mr. Chim served as a non-executive director of China Chengtong Hong Kong Company Limited from July 2022 to June 2025. Mr. Chim is currently an independent non-executive director of OCBC Bank (Hong Kong) Limited, since November 2017; an independent non-executive director of Banco OCBC (Macau), S.A., since August 2023; an independent non-executive director of China Intellogis Technology Co., Ltd., since June 2024; and a director of Hong Kong Dance Company Limited since June 2026.

Mr. Chim obtained a Bachelor of Science degree from the Chinese University of Hong Kong in 1983 and an MBA degree from Indiana State University, USA, in 1985. He also graduated from the Senior Executive Program at Columbia University in 2000.

In connection with these changes, with effect from July 25, 2026, Ms. Cai will step down from the Nomination and Remuneration Committee, and Mr. Koon Wing Ernest Ip has been appointed as a member to that committee. The Company’s Special Committee will comprise Mr. Dicky Peter Yip, Mr. Koon Wing Ernest Ip and Mr. Siu Hong Cheng, continuing under the chairmanship of Mr. Dicky Peter Yip, with effect from July 25, 2026.

The Board would like to take this opportunity to thank Ms. Cai, Mr. Guo, Mr. Li and Mr. Xi for their service during the tenure of their office and warmly welcome Mr. Chim to the Board.

About Lufax

Lufax is a leading financial services enabler for small business owners in China. The Company offers financing products designed principally to address the needs of small business owners. In doing so, the Company has established relationships with 85 financial institutions in China as funding partners, many of which have worked with the Company for over three years.

Investor Relations Contact

Lufax Holding Ltd
Email: Investor_Relations@lu.com

ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com

 

View original content:https://www.prnewswire.com/news-releases/lufax-announces-board-and-management-changes-302834065.html

SOURCE Lufax Holding Ltd

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UMD Smith School Researchers Warn AI Security Lapses Highlight Urgent Need for Independent Oversight

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COLLEGE PARK, Md., July 24, 2026 /PRNewswire/ — A series of recent AI security lapses—including the OpenAI–Hugging Face breach—raises a fundamental question, say a pair of researchers at the University of Maryland’s Robert H. Smith School of Business: Can tech companies safely govern the powerful AI systems they build, or is stronger outside oversight now essential?

In its incident report, OpenAI confirmed that one of its experimental AI agents exploited a weakness in its testing environment while working on a routine benchmark task. The system wasn’t instructed to behave maliciously; instead, its persistence turned a small design flaw into a real escape. Earlier tests showed similar behavior, including agents that learned to bypass security checks by manipulating authentication tokens.

This pattern echoes findings from Dean’s Professor of Information Systems Siva Viswanathan at the Smith School, who studies how large technology platforms enforce rules. His research on mobile app privacy—published in Management Science—examined Google’s rollout of Android 6.0, which gave users more control over what data apps could collect. Developers were granted a flexible window to update their apps. Many used that flexibility to delay compliance for months, continuing to gather user data until Google imposed consequences such as lower search rankings and reduced visibility in its app store.

Viswanathan’s takeaway: when companies rely on voluntary compliance, self‑interested actors often exploit the slack. Real accountability requires pairing flexibility with firm, enforceable penalties.

That lesson now reverberates across the AI sector. As companies race to build increasingly capable systems, Viswanathan says oversight must treat these AI systems as strategic actors and must include strong safeguards that can pause or reverse a system before harm occurs.

He notes that a separate study from Anthropic underscores the stakes. In controlled tests, even an AI system designed to monitor another AI inherited the same flaws it was supposed to catch. In some cases, the “judge” model failed to flag clear sabotage because it agreed with the agent’s goals, allowing dangerous behavior to pass without human review.

Balaji Padmanabhan, Dean’s Professor of Decisions, Operations and Information Technologies and director of the Smith School’s Center for Artificial Intelligence in Business, extends Viswanathan’s governance argument into the realm of autonomous AI agents, warning that the same structural weaknesses now carry far higher stakes.

“The fact that this breach occurred organically without the AI agent being asked to be malicious is itself notable. Imagine what someone who actually intends to do harm can do. It’s also not terribly reassuring that the same firms we depend on for AI infrastructure, who are facing these issues, are the ones assuring enterprises that their systems with guardrails are perfectly safe,” says Padmanabhan. “We have to wake up to the fact that we’ve created capabilities that let software become as powerful as we want it to be—and then some. It’s time we seriously ask what’s needed to create an infrastructure to play defense well.”

Across the independent studies, the pattern is consistent, says Viswanathan: Voluntary compliance fails when the governed actor is more capable than the regulator. And AI systems cannot be governed by trust or good intentions alone. Oversight must be preventive, independent and capable of stopping harmful behavior before it spreads.

About the University of Maryland’s Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and flex MBA, executive MBA, online MBA, business master’s, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

Contact: Greg Muraski, gmuraski@umd.edu

View original content:https://www.prnewswire.com/news-releases/umd-smith-school-researchers-warn-ai-security-lapses-highlight-urgent-need-for-independent-oversight-302834112.html

SOURCE University of Maryland’s Robert H. Smith School of Business

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