ICBC Establishes New Senior Supervisory Office
The world’s biggest bank has announced the establishment of a new supervisory office amongst its senior executives.
The Industrial and Commercial Bank of China (ICBC) recently announced that its board had decided to establish the position of senior operations chief supervisor (高级业务总监), to be responsible for management and decision-making in relation to individual operations lines.
The chief supervisor will be report to ICBC’s president, with the two candidates selected being Xiong Yan (熊燕), chief manager of ICBC’s institutional finance operations department, and Song Jianhua (宋建华), chief manager of the personal finance operations department.
The appointment of Xiong and Song remains contingent upon approval from the China Banking and Insurance Regulatory Commission (CBIRC).
According to ICBC the new positions are for the purpose of “further expanding the bank’s operating and management strength and expediting the ongoing stable growth of operations.”
“The establishment of senior operations chief supervisors is of benefit to increasing the strength of the bank’s senior management team, better implementing the strategic arrangements of the board, and fulfilling operational development targets.”