Zhang set to join ICBC as vice-president

BEIJING - Deutsche Bank AG's top Asian executive Lee Zhang is expected to join the Industrial and Commercial Bank of China (ICBC) as vice-president, sources familiar with the matter said on Thursday.

Zhang's return is seen as a victory of sorts in the government efforts to bring home top financial talent employed in Western firms to man State-owned enterprises.

Though rumors on Zhang's appointment have been circulating for some time now, ICBC sources confirmed on Thursday that it was planning to recruit Zhang as vice-president.