Bank of China appointed a group veteran as Chief Executive in Hong Kong. The move comes amid an organizational rejig at the subsidiary.
Gao Yingxin took over the reigns in Hong Kong this month from Yue Yi, another long-time employee of the group who has stepped down, the bank said in a statement to the Hong Kong stock exchange.
During Yue’s tenure as Chief Executive, Bank of China embarked on a restructuring which will see its southeast Asia business move to its Hong Kong subsidiary.
Gao joined Bank of China in Beijing in 1986 and has spent almost all of his career at the bank, except for a brief spell in the 1990s in the finance department of Northern Telecom. He was the Hong Kong subsidiary's deputy CEO for corporate banking from 2005 to 2015.
