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Former head of Deutsche Bank China branch to join ICBC
Last Updated(Beijing Time):2010-04-21 09:30

Lee Zhang, former head of Deutsche Bank China, is set to join the Industrial and Commercial Bank of China (ICBC) as vice president, ICBC said in a statement Tuesday.

The appointment is subject to approval from the China Banking Regulatory Commission, the industry watchdog, said the statement filed to the Shanghai Stock Exchange after a board meeting of ICBC, China's largest lender in terms of market capitalization.

It is the first time that China's major state-owned lenders have recruited a high-ranking executive from a foreign bank.

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