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Search begins for top BOC credit officers

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Bank of China, the mainland's second-largest lender, has launched another global recruitment search for its top credit risk and financial officers.

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The bank would consider foreign candidates to replace Lonnie Dounn, the American who tendered his resignation as the mainland bank's first chief credit officer in April after just 13 months on the job, executives said yesterday.

Apart from a person to oversee its credit and market risk control functions after Mr Dounn's departure in September, the bank is also seeking candidates for the new position of chief financial officer.

'Since it's global recruitment, we will welcome both domestic and foreign candidates,' executive assistant president Zhu Min said during a four-hour online roadshow.

Bank of China is marketing the 9.64 billion yuan retail tranche of its 20 billion yuan domestic A-share initial public offering.

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Also being sought was a chief audit officer, said Zhao Yuhua, a managing director of corporate finance at Guotai Junan Securities.

Mr Dounn, formerly the Asia-Pacific chief credit officer for HSBC, resigned just before Bank of China's US$11.2 billion offering in Hong Kong, the world's fourth-largest.

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