Greater China
ICBC Leasing appoints new head
China’s state run bank ICBC has announced that it has appointed Zhao Guicai as the new president of its financial leasing arm ICBC Leasing, taking over from Zhao Cong who is moving to another position within the group.
Zhao previously served as vice general manager of ICBC headquarters and general manager of ICBC’s Brazil branch.
ICBC Leasing is one of the largest owners of shipping assets in China, controlling over RMB44bn ($6.7bn) worth of vessels and offshore platforms.