CCB Executive 'to Replace Ma Weihua at China Merchants'

Tian Huiyu(left),Ma Weihua (right)

(Beijing) – China Merchants Bank's president, Ma Weihua, will be succeeded by Tian Huiyu, China Construction Bank's retail banking director and the president of its Beijing branch, sources with knowledge of the matter say.

The 47-year-old Tian already replaced Ma as CMB's Communist Party secretary, a move announced by the China Banking Regulatory Commission on May 8. His formal appointment as the bank's president would follow soon, the sources said.