Zhu Min resigns as BOC Executive Vice President

Oct. 20, 2009 (China Knowledge) - Bank of China<601988><3988>, the nation's third-largest lender, said on Monday that its executive vice president Zhu Min, has resigned as he will transfer to another position, the Wall Street Journal reported.

Reportedly, Zhu will take a post at the country's central bank, the People's Bank of China, before being assigned a position at the International Monetary Fund.

Zhu, aged 56, started working for BOC as early as 1996 and had been an Executive Vice President of BOC since August 2006. From April 1998 to April 2003, he served as the general manager of the Institution of International Finance and headed the restructuring of the BOC Hong Kong Group. Zhu served as chief of the BOC Hong Kong Restructuring and Listing Office for the bank's Hong Kong IPO, and then the general manager of BOC Restructuring and Listing Office for BOC IPO.

Zhu graduated from Fudan University with Bachelor's degree in 1982. He received Master's degree from Princeton University and PhD degree from Johns Hopkins University.

H shares of BOC rose 1.36% to close at HK$4.48 on Monday.