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Toh Han Shih

Zhu Yanlai, daughter of  former premier  Zhu Rongji , has been  promoted to assistant chief executive of BOC Hong Kong (Holdings). The promotion was made on Thursday,  the Hong Kong-listed bank announced yesterday.
In her new role, Zhu will report to  the bank's chief executive He Guangbei.  BOCHK is majority-owned by Bank of China. 
'In her position, Ms Zhu will assist the three deputy chief executives overseeing personal banking, corporate banking and financial markets, to drive the execution of their business strategies,' the bank said. 
A banking analyst said: 'My understanding from inside sources is she is more interested in her banking career than politics. She has a good reputation among insiders, as she's quite easygoing and easy to talk to. She has quite a low profile.'
Her father  has also kept a low profile since retiring in 2003 as premier, a post he held from 1998 to 2003. 
The fact that Zhu had worked such a long time at BOCHK since her father retired suggested her promotion was based on her ability rather than any connection to her father, said Bruce Richardson, a China-based US financial consultant. 
Before her promotion, Zhu Yanlai had been general manager of the economics and strategic planning department of BOCHK since the bank was incorporated in 2001. She joined BOCHK's parent BOC in 1997, where she was head of business development of BOC (Canada), and assistant general manager of the Hong Kong and Macau regional office of BOC. Before joining BOC, she worked for the Royal Bank of Canada and Nesbitt Burns, Bank of Montreal Group.
Zhu Yanlai's brother, Levin Zhu Yunlai, has been chief executive of China International Capital Corporation  since 2004.
CICC is China's first joint venture investment bank. The Chinese government is the largest shareholder with 43.35 per cent, while Morgan Stanley holds a 34.3 per cent stake and the Government of Singapore  Investment Corporation owns  7.35 per cent.




Top bank post for daughter of former premier