Zhu leaves CICC

Levin Zhu quits CICC, casting pall over IPO plans

Resignation of the Chinese bank's chief executive follows a spate of management departures as CICC prepares for Hong Kong listing.

Levin Zhu, chief executive of China International Capital Corporation (CICC), has resigned from the investment bank after 16 years, casting a pall over the bank’s Hong Kong IPO plans

Zhu, son of former Chinese Premier Zhu Rongji, had earlier told colleagues and clients he would like to leave the company and his request was approved by the board on Tuesday, according to two people close to the company

“I have been writing this email for a long time and have complex feelings now,” said Zhu, in an internal farewell email seen by FinanceAsia  He added that he would pass the torch to a succession management team for the benefit of the company’s long-term sustainable development...

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