ON THE MOVE

ICBC Chairman Jiang poised to retire

Jiang Jianqing, chairman of Industrial and Commercial Bank of China Ltd, is poised to retire. Jiang, 63, has been leading China's biggest bank for 16 years since 2000. He led ICBC through its insolvency crisis when its non-performing loan ratio was more than 20 percent in 2004, and a $19.1-billion dual listing in 2006, the world's biggest initial public offering at that time.

Fang to head key Deutsche division