In the first 11 months, the total number of general managers of 37 fund companies changed to 81

category:Finance
 In the first 11 months, the total number of general managers of 37 fund companies changed to 81


37 fund companies change their positions

This year, there are many high-quality public funds, and the total scale of the whole industry broke through the 18 trillion mark at the end of October. In this context, fund company leader changes frequently and is at a historical high. In the first 11 months of this year, the number of general managers (including acting general managers) of 37 fund companies has reached 81.

On November 20, CAITONG asset management announced that Qian Hui would become the general manager of the company on November 19; Ma Xiaoli, the former general manager, would continue to be the chairman and Secretary of the Party committee. Qian Hui once worked in Dongfang securities, Dongfang asset management and other institutions. She joined CAITONG asset management in May 2015. She successively served as the compliance director, chief risk officer and executive deputy general manager, and now serves as the director and general manager of CAITONG asset management.

In addition, in November, the general manager of the original red earth innovation was appointed general manager of Fu Rong foundation. Wind data shows that since November, four fund managers have changed.

It is worth mentioning that if the acting general manager is not included, as many as 31 new general managers have been appointed since this year, and many fund companies have ushered in new leaders. In terms of the number of general manager changes in a single month, April this year is the peak of general manager change. There are five general managers and acting general managers of Taixin fund, such as GE hang of Taixin fund, Meng Chaoxia of guolianan fund, Guo Wen of Hongyi distant fund and Yi Yong of Xinwo fund. In addition, there are six new general managers, including Li Zhengqing of Minya fund and Wang Tao of shenwanlingxin fund.

From the historical data, the number of general manager changes of fund companies in the first November of this year was the third highest in history. According to the data, the number of general managers of fund companies changed to 84 last year and 83 in 2015, and this year has a momentum of surpassing the historical record.

Many factors lead to the change of general manager

In recent years, the general manager change of fund companies has become a normal industry. In terms of the reasons for the announcement, personal reasons such as resignation, other work arrangements and promotion to the chairman of the board are the main reasons, and most of them are small and medium-sized fund companies, and the senior managers of such fund companies have greater mobility.

It is worth mentioning that there have been some extreme cases this year. For example, the general managers of fund companies have been removed by the board of directors, and many fund companies have been transferred to deputy general managers.

Market participants of a fund company in Shenzhen believe that the frequent changes of fund company executives in recent two years are mainly due to the great changes in the industry structure. First of all, with the increase of industry concentration and intensified competition, the change of controlling rights of some fund companies or the adjustment of the development strategy of fund companies by shareholders lead to the change of senior managers of fund companies; secondly, more subjects are allowed to enter the asset management industry by laws and regulations, and some fund companies have implemented comprehensive incentive measures such as employee stock ownership and equity incentive, which are attractive to professionals and exacerbated The flow of high-end talents; in addition, the retirement of senior people in some industries is also an important reason for the intensive changes of industry executives in recent two years. From the perspective of overall performance and overall scale, this year is a big year for the development of public funds. However, the structural differentiation among fund companies is very serious. Small fund companies and new companies lacking strong shareholder background and brand effect are more difficult to break through. The general manager of fund companies bears the companys business evaluation indicators, so the pressure is not small, so personnel changes are high. Another person from the marketing department of the fund company analyzed that in the future, with the intensified competition in the industry, Matthew effect will become more and more intense, which is likely to continue. More than 1000 partial stock funds have doubled their net worth in the past two years since 2019. Stock classified funds bid farewell to the market and enter the seconds stage. Source: Securities Times editor in charge: Ren Hui_ NBJ9607

Market participants of a fund company in Shenzhen believe that the frequent changes of fund company executives in recent two years are mainly due to the great changes in the industry structure. First of all, with the increase of industry concentration and intensified competition, the change of controlling rights of some fund companies or the adjustment of the development strategy of fund companies by shareholders lead to the change of senior managers of fund companies; secondly, more subjects are allowed to enter the asset management industry by laws and regulations, and some fund companies have implemented comprehensive incentive measures such as employee stock ownership and equity incentive, which are attractive to professionals and exacerbated The flow of high-end talents; in addition, the retirement of senior people in some industries is also an important reason for the intensive changes of industry executives in recent two years.

From the perspective of overall performance and overall scale, this year is a big year for the development of public funds. However, the structural differentiation among fund companies is very serious. Small fund companies and new companies lacking strong shareholder background and brand effect are more difficult to break through. The general manager of fund companies bears the companys business evaluation indicators, so the pressure is not small, so personnel changes are high. Another person from the marketing department of the fund company analyzed that in the future, with the intensified competition in the industry, Matthew effect will become more and more intense, which is likely to continue.