Chief Compliance Officer Takes Office Intensively; Several Large and Medium Banks "High-Profile" Arrangements

[Caixin] To implement the relevant requirements of financial regulatory authorities, several commercial banks have recently announced their chief compliance officers. Some institutions appoint dedicated officers, while most have current senior executives serve concurrently. Among them, three state-owned major banks have the president also serving as the chief compliance officer.

Recently, Dongguan Rural Commercial Bank in Guangdong announced that it received approval from local financial regulators for Vice President Ye Yunfei to serve as the chief compliance officer. This is the latest example of a commercial bank appointing a chief compliance officer. Earlier this month, Ping An Bank announced that it received regulatory approval for Wu Leiming to serve as the chief compliance officer. He is currently an assistant to the president and the chief risk officer of Ping An Bank.