Bank of China Ltd., one of the nation’s “Big Five” state-owned commercial banks, has decided to appoint Liu Liange as its new chairman.

Liu, who has tendered his resignation as president of Hong Kong- and Shanghai-listed Bank of China, was appointed on Friday, the bank said in an exchange filing. The appointment is pending approval by China’s banking regulator.

Liu, 58, has served as president of Bank of China since August. Before joining the bank, he was the president of policy bank the Export-Import Bank of China from 2015 to 2018. He had spent years at China’s central bank, holding positions including director of the anti-money laundering bureau and deputy head of the international department.

Once the appointment takes effect, Liu will fill the vacancy left by Chen Siqing, who in April became chairman of Industrial and Commercial Bank of China Ltd., another one of China’s “Big Five” banks and the world’s largest bank by revenue or profit.