BEIJING (Reuters) -China International Capital Corp Ltd (CICC) late Friday named Wang Shuguang as president, filling a role left vacant for more than a year after former president Wu Bo resigned in April 2024.
Wang, a member of CICC’s management committee who oversees its investment banking business, will assume the post with immediate effect, the investment bank said. The board also agreed to nominate him as a candidate for executive director.
Wang joined the country’s oldest investment bank in 1998, three years after it was founded, and has more than two decades of experience in dealmaking, according to an official biography.
He established CICC’s growth enterprise investment banking division, which focuses on serving China’s fast-growing new-economy companies and has helped diversify the bank’s clients beyond the state-owned enterprises community.
(Reporting by Liangping Gao and Ryan Woo; Editing by Stephen Coates)
