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

(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?/content/view/9796/1/

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