Updated Feb 2, 2024, 04:32am EST
Bao Fan, the high-profile Chinese banker who suddenly disappeared nearly 12 months ago amid Beijing’s crackdown on alleged corruption in the country’s finance sector last year, resigned as the chairman and CEO of Beijing-based financial company China Renaissance on Friday.
China Renaissance on Friday.South China Morning Post via Getty Images
In a regulatory filing, China Renaissance said Bao resigned as CEO and chairman with immediate effect “for health reasons and to spend more time on his family affairs.”
The investment bank said Bao has “no disagreement with the Board” and no other issue linked to his resignation “needs to be brought to the attention of the shareholders.”
The company’s filing thanks Bao and says he will be replaced by interim CEO and company co-founder Xie Yi Jing.