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Bank of The USA hires Zhang for China enterprise, memo says

FILE PHOTO: A Bank of America logo is seen in New York City, New York, U.S. January 10, 2017. REUTERS/Stephanie Keith/File PhotoHONG KONG (Reuters) – Bank of America China has hired Wenjie Zhang as managing director and president, according to a memo seen by Reuters.Zhang will be based in Shanghai and will be appointed as…

FILE PHOTO: A Bank of The USA logo is considered in Original York Metropolis, Original York, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo

HONG KONG (Reuters) – Bank of The USA China has employed Wenjie Zhang as managing director and president, basically based fully mostly on a memo considered by Reuters.

Zhang will likely be basically based fully mostly in Shanghai and can just serene be appointed as branch manager of Bank of The USA Shanghai, field to regulatory approval, the memo acknowledged.

He joins the monetary institution from HSBC HSBA.L, where he became most recently co-head of world banking and govt vice chairman of HSBC China.

A Bank of The USA BAC.N spokeswoman confirmed the contents of the memo.

Reporting by Scott Murdoch in Hong Kong; Editing by Kevin Liffey

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