BoCom unveils new chairman
Source: Bloomberg News |
May 21, 2013, Tuesday
|
Print Edition
Print Edition
THE Bank of Communications, China's fifth-largest lender, has promoted Niu Ximing to chairman in the latest executive change at the nation's state-controlled banks.
Niu will replace Hu Huaibang, who was named Party secretary of China Development Bank last month, Shanghai-based BoCom said in a statement to the Hong Kong stock exchange yesterday.
The appointment is subject to China Banking Regulatory Commission approval.
Niu joined BoCom in December 2009 after serving in various positions at the Industrial and Commercial Bank of China, the world's largest bank by market value, since 1986. Earlier he worked at the People's Bank of China, the central bank, according a biography posted on BoCom's website.
Peng Chun, general manager of Central Huijin Investment Co and a former BoCom vice president, may become president, a person familiar with the matter said on May 10.
Niu will replace Hu Huaibang, who was named Party secretary of China Development Bank last month, Shanghai-based BoCom said in a statement to the Hong Kong stock exchange yesterday.
The appointment is subject to China Banking Regulatory Commission approval.
Niu joined BoCom in December 2009 after serving in various positions at the Industrial and Commercial Bank of China, the world's largest bank by market value, since 1986. Earlier he worked at the People's Bank of China, the central bank, according a biography posted on BoCom's website.
Peng Chun, general manager of Central Huijin Investment Co and a former BoCom vice president, may become president, a person familiar with the matter said on May 10.
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