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Bank of China executive joins London Bullion Market Association board

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LONDON (Reuters) – The London Bullion Market Association (LBMA) said on Monday a senior executive at Bank of China would join its board.

Wenjian Fang is general manager of Bank of China London Branch and chief executive of the bank’s British subsidiary, the LBMA said in a statement.

An industry association that sets standards for bullion trading and refining, the LBMA has been expanding its presence in China, the world’s largest gold producer and consumer.

(Reporting by Peter Hobson; Editing by Daniel Wallis)

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