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The general managers of 3 fund companies have resigned since the new year

来源: 新浪 January 9, 2020 07:17 source: Sina

Securities Times reporter Lu Jingjing

In 2019, the general managers of 42 fund companies changed, the largest number in the calendar year. At the beginning of the new year, three fund companies changed their general managers.

In recent years, the head effect of public fund companies has become more prominent, small fund companies have difficulty operating, and general managers of small companies have changed more frequently. At the same time, the number of general managers has also been shortened. Three of the general managers who have resigned since 2019 have not served for less than one year.

Industry insiders analyzed that fierce competition in the industry, outstanding conflicts with shareholders, and performance not meeting expectations were the main reasons for the change in general manager.

On January 2, Cinda Australia Bank Fund issued an announcement that Yu Jianwei, the former general manager who had served for more than 6 years, resigned on December 31, 2019 for personal reasons, and his position was replaced by Zhu Yongqiang.

Data show that Zhu Yongqiang served as the executive chairman and CEO of Qianhai Open Source Fund from October 2016 to October 2019. Joined Cinda Australia Bank Fund in December 2019 as a director of the company.

On January 4, Nuo An Fund also welcomed a new general manager. According to the announcement, since January 2, Qi Bin has been appointed as the company's general manager. For more than four months, the company has been chaired by the chairman of the company.

The Golden Eagle Fund also released an announcement on January 4. General Manager Liu Zhigang resigned on January 3 for personal reasons, less than a year after he was promoted from deputy general manager to general manager on March 5 last year. Yao Wenqiang, the company's deputy general manager who joined the Golden Eagle Fund in March 2017, succeeded Liu Zhigang as the company's new general manager.

In recent years, the number of general managers of fund companies has continued to rise, and their tenure has become shorter and shorter. In 2019, the number of general managers of fund companies changed as many as 84, involving 42 fund companies, and the number of general managers changed to a record high. In addition, since 2019, the resigned fund company general manager has served 3 people (less than 1 year has been transferred to the company's vice chairman).

"Many executives such as general managers change small and medium-sized fund companies, and individual fund company executives change particularly frequently. Talents in the asset management industry have always been relatively scarce, especially in the past two years when the public fund industry has undergone major changes and competition More fierce, head effects are becoming more and more obvious, and small and medium-sized fund companies are facing greater performance pressure, which may be the main reason for the change in executives. In addition, the wealth management subsidiaries of commercial banks have quickly landed and foreign institutions have poured in strongly. , The asset management industry's increasing demand for senior managers. "A middle-sized public offering executive in Beijing concluded that the internal factors of fund company executives can be roughly divided into three types: first, operating pressure; second, the company's internal incentive mechanism is not Sound; the third is the reason for the governance structure caused by irrational equity. The external factors are mainly the short-term shortage of senior management personnel brought about by the expansion of trusts, securities firms, and private equity.

A fund company source in Shanghai said that after more than 20 years of development, competition in the public fund industry has become fierce and small and medium-sized companies are under great pressure. If the company's executives fail to complete the assessment goals, they are likely to be replaced by shareholders. At the same time, there are currently some small and medium-sized fund companies whose senior management positions are changed in order to improve the company's management system and meet regulatory requirements. In addition, changes in the controlling power of fund companies, senior management retirements, shareholder personnel adjustments, and executives' pursuit of personal goals, etc., will directly or indirectly lead to changes in fund company executives.

(Responsible editor: Compaq)


China Economic Network statement: Stock market information comes from cooperative media and institutions, is the author's personal opinion, is for investors' reference only, and does not constitute investment advice. Investors do so at their own risk.
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The general managers of 3 fund companies have resigned since the new year

来源:新浪 2020-01-09 07 : 17Source : Sina
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