Bank of America Names New China President
What’s new: Bank of America Corp. has appointed Zhang Wenjie as president of its China branch, according to an internal notice seen by Caixin. The position was vacant for three and a half years.
Zhang will be based in Shanghai and report to the bank’s China country executive Wang Wei. He was also named to head the bank’s Shanghai branch, pending regulatory approval.
What’s the background: Before joining Bank of America, Zhang was an executive vice president at HSBC Bank (China) Co. Ltd. He has more than 20 years’ experience in corporate and investment banking.
Bank of America’s last China president was Anthony Lin, who jumped to work for Standard Chartered PLC in March 2017. Lin has just been appointed CEO of Standard Chartered’s Guangdong-Hong Kong-Macao Greater Bay Area business, a new position for the bank.
Quick Takes are condensed versions of China-related stories for fast news you can use. To read the full story in Chinese, click here.
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