CHINA Banking Corp., the eighth-largest lender in terms of assets, has a new president in the person of William Whang, who succeeded 42-year veteran Ricardo Chua effective Nov. 1, 2017.
China Bank said in a disclosure to the stock exchange Monday Whang was previously executive vice president and chief operating officer of the bank. He joined the bank in 2011 as head of the Institutional Banking Group focusing on corporate and commercial segments.
He then became head of the lending business segment, with added responsibilities in overseeing the consumer banking (housing, auto, credit cards) and remittance businesses.
“I am profoundly grateful to the China Bank board of directors for their trust and confidence in giving me the privilege to assume this very challenging role as president,” Whang said.