BOC Hong Kong, the wholly-owned subsidiary of Bank of China, has announced the resignation of its deputy chief executive for financial markets effective 1 July 2013./p>

Wong See Hong, who was named deputy CEO in 2008, retires from all his positions at the Group. He is replaced by Huang Hong, who will then be in charge of the financial market business, including global transaction banking, global markets, investment management, insurance, asset management and other capital market-related businesses.

Huang will also assume the roles of director of BOC Group Life Assurance, director and chairman of BOCI-Prudential Trustee and BOC Group Trustee.

Huang Hong joined Bank of China in 1981 and has served various senior positions, most recently as general manager of the BOC Luxembourg branch and Bank of China (Luxembourg) until May 2013. He was selected to fill his new role after the bank appointed a search committee, headed by Dr Fung Victor Kwok King, independent non-executive director.

BOC Hong Kong was incorporated in Hong Kong in 2001 to hold the entire 66.06 per cent equity interest in Bank of China (Hong Kong), its principal operating subsidiary. The group has over 260 branches in the territory.