ICBC president Yi Huiman to be new chairman

Yi Huiman, president of ICBC, is set to replace retiring chairman Jiang Jianqing to take the helm of the world’s largest lender by assets.

Yi Huiman, president and vice chairman of Industrial Commercial Bank of China, is set to replace chairman Jiang Jianqing, who has retired, to take the helm of the world’s largest lender by assets, according to two sources familiar with the matter.

A Beijing-based spokesperson for ICBC told FinanceAsia on Monday that Yi was named the bank’s party chief by the Central Organisation Department. The sources said the move, which was also announced internally on Monday, paved the way for him to become chairman.  

“There’s no doubt he Yi will become the new chairman. It just takes some time to go...

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