Agricultural Bank of China Appoints Youngest Chief amongst Big State-owned Banks

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The newly appointed party secretary of Agricultural Bank of China (ABC) is the youngest holder of the position amongst China’s original big four state-owned banks.

On 24 December 53 year-old Gu Shu (谷澍) was appointed party secretary of ABC, following the retirement of 63 year-old Zhou Mubing (周慕冰) on the grounds of age. Gu is expected to be appointed the chair of ABC after obtaining the requisite approvals from ABC’s board and shareholders assembly as well as regulators.

Gu is a long-standing veteran of China’s biggest bank – Industrial and Commercial Bank of China (ICBC), and was appointed its president, deputy-party secretary and deputy-chair in September 2016.

After obtaining a bachelor’s degree in engineering from Shanghai Jiaotong University and a PhD in management from the Shanghai University of Finance and Economics, Gu joined the accounts and settlement department of ICBC in March of 1998.

Gu was also a visiting scholar at the University of Pennsylvania from September 2002 to September 2003.

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