Jan 23, 2024 08:24 PM

FINANCE

Exclusive: Chinese Financial Giant Citic Picks New Vice President

By Wu Xiaomeng and Qing Na

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Zeng Qi, who joined ICBC’s head office in 1994, worked there for around 30 years, rotating through different roles before heading up its retail banking division. Photo: File Photo

Zeng Qi, who joined ICBC’s head office in 1994, worked there for around 30 years, rotating through different roles before heading up its retail banking division. Photo: File Photo

State-owned financial conglomerate Citic Group Corp. has appointed veteran banker Zeng Qi as its new vice president to oversee its securities and life insurance units, sources with knowledge of the matter told Caixin.

Zeng is a former head of the Personal Banking Department at Industrial and Commercial Bank of China Ltd. (ICBC), the world’s largest bank by assets.

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