China Construction Bank, the world’s second-largest commercial lender, hires from rival Bank of China to appoint a new president.

Wang Jiang was named president of CCB, according to a «Caixin» report citing unnamed sources, filing a position that has been vacant for two months.

Wang will also serve as vice chairman for the Shanghai and Hong Kong-listed CCB.

CCB Reunion

Wang, 57, will be returning to CCB where he worked for many years including as its the general manager of its Hubei and Shanghai branches. 

At Bank of China, he was a vice-chairman since January 2020 and president since December 2019. He was also named vice chairman and non-executive director of Bank of China’s Hong Kong subsidiary in March 2020.

Wang graduated from Shandong Economics College in 1984 and obtained his Doctoral Degree in economics from Xiamen University in 1999.