After seven years Bank Of Changsha Co.Ltd(601577) , can external executives become the mainstream?

Recently, the news that Bank Of Changsha Co.Ltd(601577) publicly selects and appoints president for the whole country has attracted the attention of the industry.

It is reported that this is the bank's public selection and employment of senior executives again after seven years, and the scope of selection and employment has also been expanded. However, in the view of most people in the industry, most of the changes in positions such as bank president and chairman still take the form of internal promotion or inter-bank transfer, and the phenomenon of public recruitment is not common.

executive candidate anchor outward

Recently, Bank Of Changsha Co.Ltd(601577) announced that it will conduct a nationwide competitive selection of presidents. This selection will take the form of online registration, and the deadline is February 28. It is reported that this is the bank's public selection and appointment of president again after seven years.

From the perspective of the scope of this public selection and employment, compared with the scope of the bank's selection and employment in 2014, it was planned to compete for a president in Hunan Province. Finally, Zhao Xiaozhong, who was then a member of the Bank Of Changsha Co.Ltd(601577) Party committee and vice president, stood out in the competition.

In fact, Bank Of Changsha Co.Ltd(601577) is not the first time for banks to openly select and employ senior executives such as president and vice president. For example, Hengshui Bank recently publicly selected and hired two senior executives of the head office, namely the president and the vice president in charge of the company's business line. In addition, as a listed bank, Bohai bank also publicly selected its president and five vice presidents last year.

According to the reporter's observation, from the requirements of most banks for the selection and employment of presidents, it mainly includes the following points: first, the upper age limit is no more than 55 years old. For example, Bank Of Changsha Co.Ltd(601577) requires that the age of candidates should not exceed 51 years old, Bohai bank requires that the age of candidates for president should not exceed 53 years old, especially excellent candidates can be relaxed to 55 years old, vice president candidates can not exceed 50 years old, and excellent candidates can be relaxed to 52 years old.

In terms of performance experience, the president and vice president are generally required to have more than 8 years of financial work experience, or more than 12 years of relevant economic work (including more than 4 years of financial work). In addition, some banks also give more specific performance requirements.

According to the announcement of Bank Of Changsha Co.Ltd(601577) , the candidates are required to have accumulated specific conditions such as serving as the head of the main business departments of state-owned banks, Postal Savings Bank Of China Co.Ltd(601658) provincial branches, the president of prefectural and municipal branches, the head of the main business departments of joint-stock banks, the president of first-class branches, or senior managers and above of the head office of urban commercial banks with total assets of about 500 billion yuan at the end of 2021 for more than 3 years.

On the whole, although most banks did not give detailed salary information, according to the information of liepin.com consulted by the reporter of the international finance news, most joint-stock banks treated the presidents of the first tier branches in the first tier cities with an annual salary of 1.08-1.62 million yuan, and the presidents of the first tier branches in the second tier cities with an annual salary of 720-1.44 million yuan. In order to attract talents, individual small and medium-sized banks and private banks provide higher treatment.

Can become a future trend

In fact, the change of bank executives has been deeply concerned by the industry and the market. According to the reporter, from the past experience, the positions of president and chairman of most banks have changed, and most of them adopt the methods of internal promotion or mutual transportation of senior executives between banks.

Pan Helin, executive director of the Digital Economy Research Institute of Zhongnan University of economics and law, told the reporter of International Finance: "this kind of open selection for the public is indeed rare."

Pan Helin believes that whether to decide to publicly select bank presidents and other senior executives may depend on the selection demands. "For example, if the current bank attaches great importance to the resources attached to talents, the selection can attract presidents with more financial resources to join."

Although it is an idea to improve performance, it is not universal. "Pan Helin pointed out that for the bank, the requirements for the president are not limited to resources. If the bank president needs to cooperate with multiple departments, it is more appropriate to select from within. After all, it needs to have contacts in the bank." The increase in open selection may objectively indicate that banks are gradually operating with performance as the leading factor.

Wang Shiqiang, senior researcher of Bingjian technology, believes that although the bank's executives promoted internally pay more attention to risk, they will be slightly less innovative. Especially for many small and medium-sized banks, due to the impact of Internet financial technology giants in recent years, they are faced with serious customer loss and slow income growth. Some banks also hope to recruit talents from outside, This brings business innovation.

According to public information, Bank Of Changsha Co.Ltd(601577) was established on May 25, 1997 and listed on the main board of Shanghai Stock Exchange on September 26, 2018. It is the first listed bank in Hunan Province and the largest legal person financial enterprise in Hunan. It has 30 branches (directly subordinate branches) including Guangzhou Branch. Its business outlets and service networks radiate both Hunan and Guangdong.

From the performance data of Bank Of Changsha Co.Ltd(601577) , in the first three quarters of 2021, Bank Of Changsha Co.Ltd(601577) achieved a revenue of 15.691 billion yuan, a year-on-year increase of 19.68%; The net profit attributable to the shareholders of the parent company was 5.040 billion yuan, a year-on-year increase of 18.64%; The basic earnings per share was 1.32 yuan, a year-on-year increase of 6.45%. By the end of September 2021, the non-performing loan ratio of the bank was 1.20%.

For whether the public selection and employment of senior executives can become the leading model, pan Helin believes that the internal training mechanism will still be the mainstream for banks to select and promote senior executives in the future. "Internal training can make talents more reliable. In addition, it can also stabilize people's hearts and prevent brain drain. A long-term stable talent team is meaningful for banks to improve collaborative efficiency."

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