Ping An Bank Announces Changes in Top Leadership

(Beijing) — Ping An Bank, a subsidiary of Ping An Insurance Group, is preparing to reshuffle its top ranks months after the bank was rattled by a police investigation, according to people close to the Shenzhen-based bank.

Xie Yonglin, deputy general manager of Ping An Insurance Group, was named chairman of Ping An Bank to replace current chairman Sun Jianyi, according to the sources. Meanwhile, bank President Shao Ping resigned for "health reasons," and Vice President Hu Yuefei was appointed acting president.