China New Boss

China New Boss : China has a new boss, says ANZ. His name is Charles Li from Royal Bank of Scotland (RBS). Australia and New Zealand Banking Group (ANZ.AX) named Charles Li from the Royal Bank of Scotland (RBS.L) as its new chief executive for China on Thursday. Charles Li replaced Christine Ip who quit and moved to Singapore late last year.

ANZ runs its own operations in China and also owns a 20 percent stake in the unlisted Bank of Tianjin and Shanghai Rural Commercial Bank.
[source: reuters.com]