Excerpt: Americans named to head Chinese bank

  • The appointment of incoming chairman John Langlois, a Morgan Stanley officer in China, comes as part of a transfer of a nearly 18 percent stake in state-owned Shenzhen Bank to U.S. firm Newbridge Capital Ltd.
  • Both men have considerable experience with the Chinese banking industry. Williams opened Citigroup Inc. subsidiary Citibank‚Äôs first Chinese branch in Shenzhen in 1988. Langlois sits on the boards of both Shanghai Bank and Nanjing City Commercial Bank.

Source: The Spokesman-Review