Industry veteran Zhao Huan is to take the helm at underperforming Agricultural Bank of China, filling a role left vacant last year in the wake of the government's anti-graft drive, just as a new scandal breaks over the country’s third-largest lender by assets.
The appointment as president of Zhao to replace Zhang Yun, who formally left the bank in December after becoming the focus of a corruption probe, is still to be approved by the China Banking Regulatory Commission, ABC said in a filing with the Shanghai Stock Exchange late on Thursday.
But one of his first tasks could be to...
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