Caixin
FINANCE

BoCom Names New President After Four-Month Vacancy

Established in 1908, Shanghai-based BoCom is known as China’s first national commercial bank. Photo: VCG
Established in 1908, Shanghai-based BoCom is known as China’s first national commercial bank. Photo: VCG

Bank of Communications, China’s fifth-largest lender by assets, got a new president four months after the post was left vacant.

Ren Deqi, a former vice president of the Bank of China, was named BoCom’s new president Monday, filling the post after former President Peng Chun was named the bank’s chairman in February, Caixin learned.

As one of the largest state-owned commercial banks following the “big four” — Industrial and Commercial Bank of China (ICBC), Bank of China (BOC), China Construction Bank (CCB) and Agricultural Bank of China (ABC) — leadership at BoCom is appointed by the ruling Communist Party’s Organization Department.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2018 Caixin Global Limited. All Rights Reserved.