A Chinese megabank and its CRO in the US

Frank Morisano has put together a risk team, his unit funds itself, and he’s banned cloud technology

Frank Morisano
Frank Morisano is CRO of the US operations of the Industrial and Commercial Bank of China
Photo: Alex Towle

Given the often acrimonious relations between China and the United States, the US headquarters of the Industrial and Commercial Bank of China is in an odd spot: Trump Tower.

ICBC occupies three floors at the gilded address in midtown Manhattan. Having a headquarters whose landlord is the US president presents a particular stripe of risk, a fact first apparent during the 2016 election, when the reality star based his campaign there.

“When he came to town or held events in the lobby, they shut

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