Beijing News Shell Finance News (Reporter Jiang Fan) China Merchants Bank announced on January 17 that Zhong Desheng and Wang Xiaoqing, assistant presidents, were elected as vice presidents.
According to the Beijing News Shell Finance reporter, many of the current vice presidents of China Merchants Bank have reached or will reach retirement age within half a year, so the bank has been electing new vice presidents through internal recommendation since October last year.
"Zhong Desheng is an 'old China Merchants Bank'. He started as an account manager and is very experienced in corporate and wholesale business." A person familiar with the matter told the Beijing News Shell Finance reporter that Zhong Desheng is currently in charge of the corporate sector in China Merchants Bank.
After being elected as the vice president this time, Zhong Desheng may continue to work hard in this area.
According to the announcement, Zhong Desheng joined China Merchants Bank in 1993. Since July 2005, he has successively served as the assistant to the president of the Wuhan Branch of the company, the vice president of the Wuhan Branch, the general manager of the International Business Department of the head office, the general manager of the trade finance department of the head office, and the offshore finance department of the head office. The general manager of the center, the president of the Guangzhou branch, the president of the corporate finance department of the head office and the general manager of the strategic customer department, will serve as the assistant to the president of the company from October 2021.
Another assistant to the president, Wang Xiaoqing, was also elected as the vice president this time.
It is understood that Wang Xiaoqing is an expert talent introduced by China Merchants Bank from PICC when China Merchants Bank first proposed the concept of "big wealth management" in 2020.
At that time, the wealth management business of China Merchants Bank had already formed barriers on the sales side, and the introduction of Wang Xiaoqing, who had been deeply involved in the asset management industry for many years, could enhance the development space of China Merchants Bank on the asset side.
According to the announcement, since joining China Merchants Bank in March 2020, Wang Xiaoqing has served as the general manager of China Merchants Fund Management Co., Ltd., and has served as the assistant to the president of the company since October 2021. Chairman of Insurance Co., Ltd., Chairman of China Merchants Cigna Asset Management Co., Ltd.
In addition, China Merchants Bank's announcement also pointed out that Sun Yunfei, a non-executive director of the bank, was elected as vice chairman, but his qualifications still need to be reported to the China Banking and Insurance Regulatory Commission for approval.
According to public information, Sun Yunfei is from China Ocean Shipping Group Co., Ltd., the second largest shareholder of China Merchants Bank.
According to the performance bulletin recently released by China Merchants Bank, as of the end of last year, the total assets of China Merchants Bank reached 10.14 trillion yuan, a year-on-year increase of 9.6%.
For the whole of last year, the bank's operating income was 344.784 billion yuan, a year-on-year increase of 4.08%; net profit attributable to shareholders was 138.012 billion yuan, a year-on-year increase of 15.08%.