BEIJING (Reuters) -Financial institution of China Vice Chairman and President Liu Jin resigned for private causes efficient on Sunday, the financial institution mentioned.

The state-owned lender mentioned its board had permitted Chairman Ge Haijiao to function appearing president, in line with a submitting launched by the financial institution on Sunday.

Financial institution of China (BOC) didn’t instantly reply to a request for remark. Liu couldn’t be instantly reached for remark.

Liu, born in 1967, was named as president of the financial institution in April 2021. He beforehand served as president of China Everbright (OTC:) Financial institution from January 2020 to March 2021 and vice chairman of coverage lender China Improvement Financial institution from September 2018 to November 2019.

Liu’s departure follows that of former BOC Chairman Liu Liange, who stepped down in March 2023 and was positioned beneath investigation by the anti-graft watchdog earlier than pleading responsible to taking bribes price greater than 121 million yuan, as China intensified its anti-corruption marketing campaign within the $66 trillion monetary business.

Liu Jin has additionally labored for state-owned Industrial and Business Financial institution of China, the world’s largest lender by property, as head of funding banking division and head of Jiangsu provincial department.