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Agricultural Bank of China Chairman, Mr. Jiang Chaoliang, appointed to the IIF Board of Directors
Washington D.C., October 17, 2012 — The Institute of International Finance, which is headquartered in Washington D.C, announced today the appointment of Mr. Jiang Chaoliang, Chairman of Agricultural Bank of China, to its Board of Directors.
Mr. Jiang has worked in the Chinese banking industry for more than 30 years, and started his career in 1981 with Agricultural Bank of China (ABC). From 1996 to 2002, Mr. Jiang served with China’s regulatory bodies, People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE), becoming Executive Assistant President of the PBOC in 2000. From 2002 to 2004, he served as Deputy Governor of Hubei Province. In 2004, Mr. Jiang was appointed as Chairman of the Bank of Communications and subsequently was Vice-Chairman and President of the China Development Bank during 2008-2011.
Mr. Jiang has been Chairman of ABC since January 2012, and also serves as Chairman of the China Payment and Settlement Association. Mr. Jiang joins the IIF Board following the resignation of Mr. Guo Shuqing, former Chairman of China Construction Bank and current Chairman of the China Securities Regulation Commission. Mr. Jiang will serve on the Board of the IIF for a term expiring at the Annual Meeting of the IIF in 2014.
The IIF is a global association of more than 460 financial institutions. Its mission is to support the financial industry in the prudent management of risks, including sovereign risk; the development of best practices and standards; and the advocacy of regulatory, financial and economic policies that are in the broad interests of its members and global financial stability. Its Board Chairman is Mr. Douglas Flint, Group Chairman of HSBC Holdings plc. Vice-Chairmen of the IIF Board are Mr. Roberto Setubal, President and CEO of Itau Unibanco S/A and Vice Chairman of the Board of Itau Unibanco Holding S/A; Mr. Walter Kielholz, Chairman of the Board of Directors of Swiss Re Ltd; Mr. Rick Waugh, President and Chief Executive Officer of Scotiabank; and Mr. Marcus Wallenberg, who is also IIF Treasurer and Chairman of the Board of SEB. The Managing Director of the IIF is Mr. Charles Dallara.