Apr 11, 2024 05:09 PM

FINANCE

CICC’s Wu Bo Steps Down as President of China’s Top Investment Bank

By Zhang Yukun and Wang Juanjuan

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What’s new: China International Capital Corp. Ltd. (CICC) (601995.SH) has removed President Wu Bo five months after he took up the role, the leading investment bank announced.

Wu, also the chief financial officer (CFO), stepped down effective Wednesday, according to an announcement dated the same day. He is also no longer a member of CICC’s management committee, and his nomination for executive director has been withdrawn.

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