Pudong Bank(Shanghai,China) in global search for top execs?


Question:
(Xinhua, Jul 21, 2006) Shanghai Pudong Development Bank Co., Citigroup's partner in China, is searching globally for more than 10 top executives, including a vice president, aiming to strengthen its corporate governance.

The bank hired a global executive search firm earlier this year to help the Shanghai-based commercial lender fill the posts, which include a vice president for day-to-day management and branch managers, industry sources familiar with the situation said Wednesday.

Pudong Bank expects to pay about 600,000 yuan (US$74,990) to 800,000 yuan as annual salary after tax to a branch manager hired under the program, excluding bonuses, the sources said.

The bank, the fourth-largest Shanghai-listed lender, is eager to hire foreign veterans who are already working with overseas banks in China or who understand Asian culture and business, they said.

http://www.zoomchina.com.cn/index.php?/c...

Answer:
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