China Construction Bank close to hiring risk head



China Construction Bank (CCB) is in the final stages of appointing a chief risk officer, says the bank's chairman Guo Shuqing, according to media reports.

No names have been mentioned, but CCB is known to have been looking for a CRO since the third quarter of 2005. The search is believed to have been wide and to have focused on people with similar roles at leading banks.

Analysts say the appointment is part of the process to improve risk management, and in line with general practice at other major

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