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Bank of Communications names new president

Bank of Communications Co. Ltd. said June 12 that it named Ren Deqi president, vice chairman and executive director.

Ren recently served as executive director and executive vice president of Bank of China Ltd.

Meanwhile, Shen Rujun, who has been vice president of Bank of Communications since 2015, was appointed executive director on its board.

The appointments are subject to shareholder and regulatory approvals.