Key facts
- Han Song, head of ICBC's Guangdong branch, has moved to the bank's Beijing headquarters.
- Han Song is expected to be promoted to senior business director.
- ICBC is seeking to fill gaps in its senior management ranks due to retirements.
- A series of retirements has left only one executive holding the senior business director title.
Han Song, who led the Industrial and Commercial Bank of China Ltd.'s (ICBC) Guangdong provincial branch, has relocated to the lender's Beijing headquarters. Sources familiar with the matter indicated to Caixin that Han is expected to be promoted to the position of senior business director.
This anticipated promotion occurs as ICBC, recognized as the world's largest commercial bank by assets, works to address shortages in its senior management team. A number of retirements have thinned the ranks, leaving only one executive currently holding the senior business director title, a role established to mitigate leadership deficits.