(Yicai Global) Nov. 8 -- Liu Xinyi will resign as vice chairman, president and from his other positions in Shanghai Pudong Development Bank after a shake-up in job roles, the bank said in a statement yesterday.
Liu may take over as president of Shanghai International Group, China Securities Journal reported. Pan Weidong, SPD Bank's vice president and chief financial officer, will stand in as president before the regulator approves a successor.
Despite many job changes, Liu, who is 54 years old, served in SPD Bank for more than 20 years and became its president in 2015. The bank lauded Liu's contribution over the years in its statement.
Fu Fan, SIG's former president, was transferred to become China Pacific Insurance Group's deputy party secretary this month and will become its president after undergoing necessary formalities.
Shanghai International Group is a financial holding management company under the Shanghai city government. Its subsidiaries include several of Shanghai's major financial institutions, Shanghai Pudong Development Bank and China Pacific Insurance Group among them.
Editor: Ben Armour