ICBC Shanghai branch chief under investigation

By June 7, 2019 June 17th, 2019 Personnel Tracker, Public

News: Former Industrial and Commercial Bank of China (ICBC) Shanghai branch Chief Gu Guoming (顾国明) is under investigation today for serious violation of party discipline and law.

Quick Take: Gu has worked in ICBC Shanghai branch for 17 years—he started his career at ICBC Shanghai in 2002 as its Vice President, and was promoted to the President seat in 2015. Notably, there had already been another ICBC Chief ousted earlier this year—on 11 April, former ICBC Chongqing branch chief Xie Ming (谢明), who had retired in 2017, was also taken down by CCDI for suspected violation of party discipline and law. There has been a notable anti-corruption crackdown in the banking sector this year; following the trend, more disruptions should be expected within the ICBC system.