BOC Hong Kong has added two executives to its board of directors.

BOC Hong Kong, a subsidiary of Bank of China with over 260 branches in the territory, has named new non-executive directors to its board. 

Zhu Shumin and Yue Yi are part of the board with effect from 22 May 2014, and become members of each of the strategy and budget committee and risk committee of the company and its principal, Bank of China.

Zhu and Yue have served as executive vice presidents at Bank of China since August 2010. BOC is the controlling shareholder of the company, owning some 66.06 per cent. Zhu joined the firm in 1988 and has been serving as chairman of the board of directors of Bank of China Consumer Finance Company since June 2010, and as chairman of BOC Credit Card since September 2009. Yue joined the company in 1980 and has been serving as chairman of BOC UK since September 2010, chairmn of BOC International Holdings since November 2011 and chairman of BOC Luxembourg since January 2014.

With these appointments, the board now has 12 members, led by Tian Guoli as chairman.

BOC Hong Kong (Holdings) offers a wide range of financial products and services in Hong Kong and is appointed by the People's Bank of China as the clearing bank for RMB business in the territory.