A major heavyweight in onshore wealth management in China has left China Merchants Bank and is believed to be joining a foreign financial giant.
Wang Jing has left China Merchants Bank after serving most recently as the head of its private banking operations. Wang was instrumental in China Merchants Bank’s rise in wealth management since its launch in 2007.
Whilst Wang has yet to resume her career, she is believed to joining Credit Suisse to lead its mainland-based private banking business as the country undergoes historic liberalization by lifting limits on foreign ownership. According to sources, no deal has been finalized yet between Credit Suisse to Wang.
