China International Capital Corporation CICC, one of the mainland’s largest investment banks, has appointed Liang Hong as chief economist.
Liang started her new role officially on Friday and will also remain in her current position as head of research, according to the bank’s announcement.
CICC’s former chief economist Peng Wensheng resigned “because of some personal reasons,” according to a spokeswoman of CICC.
One source close to Peng told FinanceAsia he has joined rival bank Citic Securities, which is also China’s largest securities house by assets. Peng is most likely to head Citic Securities’ research business, according to the source....