China’s state-owned financial conglomerate Citic Group is reshuffling the top leadership across its flagship commercial bank and its distressed asset management arm.
The overhaul includes a newly formalized president for China Citic Bank Corp. Ltd., the impending promotion of a veteran banking executive, and a change of guard at Citic Financial Asset Management Co. Ltd. (Citic AMC), formerly China Huarong Asset Management Co. Ltd.
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