Deutsche Bank said on Wednesday it had hired Frank Fang as head of corporate banking for China, filling a post vacated by Anthony Lin who left for Bank of America in October.
China’s private banks have the makings of success and can help to fill the gap in SME lending but major challenges lie ahead, this year’s Boao Forum heard.
Banks are suiting up with new software. Battle tactics include partnering with the enemy, buying proven technologies, and giving every banker an innovation grade.