Margaret Leung Ko May Yee will retire as managing director, deputy chairman and executive director of Hong Kong-based Chong Hing Bank Ltd.

The bank said March 29 that the move will be effective following the conclusion of its annual general meeting on May 18.

Meanwhile, Zong Jianxin and Zhu Chunxiu will be appointed deputy chairmen, effective May 18. Zong is CEO, deputy managing director and executive director of the bank, while Zhu is a nonexecutive director.