ICBC Names Yi as Chairman, Plans $1 Billion European Investment
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Industrial & Commercial Bank of China Ltd. named Yi Huiman as chairman and announced plans to put 1 billion euros ($1.1 billion) into a company focused on central and eastern Europe that will invest in projects including infrastructure.
Yi, 51, will continue in his previous role of president until his replacement is appointed, ICBC said in a statement to Shanghai’s stock exchange on Tuesday. Jiang Jianqing, 63, retired as chairman, the Beijing-based bank said.