Newsmaker

Shenzhen Development Bank CEO Frank Newman resigns

By Cai Muyuan (chinadaily.com.cn)
Updated: 2010-05-26 14:23

 

Frank Newman [Beijing News]

Shenzhen Development Bank Co chief executive and chairman Frank Newman has resigned, the Beijing News reported Wednesday.

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The bank's formal president, Xiao Suining, will be named chairman, and Richard Jackson, the

Richard Jackson [Beijing News]

formal president of Shenzhen Ping'an Bank, has been hired as president of the bank, the newspaper said.

Frank Newman will continue serving as a senior consultant for the bank.

The annual wages of Frank Newman totaled 72 million yuan from 2005 to 2009, making him rank among the top three senior officials of listed companies in China, according to the news report.

Frank Newman

June 2005-May 2010, Chairman and CEO of Shenzhen Development Bank (SDB).

May 2005-June 2005, Acting chairman and CEO of SDB.

2004-June, 2005 Independent director of SDB.

2004-2004, CEO and deputy chairman of the broad center for Management of School Systems December.

2000-2005, Director of Korea First Bank.

1995-1999, Senior vice president, president, CEO and Director of Bankers Trust.

1993-1995, Finance undersecretary and deputy minister of the Ministry of Finance of the United States.

1986-1993, Vice president, CFO and deputy chairman of Bank of America.

1973-1986, Vice president, senior vice president, executive vice president and CFO of Wells Fargo.

1969-1973, Vice president of Citigroup.

1963-1969, Consulting manager of KPMG.