2020 "champion" Zhao Yi will also leave! The next stop is here! Change of 70 senior executives of public funds during the year

Following the resignation of star fund managers such as Dong Chengfei and Cui Ying, Zhao Yi, who won the "champion" of active equity funds in 2020, has applied to ABC Huili fund for resignation. According to insiders, Zhao Yi may join the spring fruit fund with a large number of celebrities in the future.

star fund manager Zhao Yi leaves

On March 22, Zhao Yi sent a letter to investors confirming his resignation. In his letter, he said that in writing this letter, first, he sincerely thanked everyone for their trust and support to ABC Huili fund and him, which has always been the Beijing Dynamic Power Co.Ltd(600405) spring of his struggle; Second, take this opportunity to report some recent changes and arrangements.

\u3000\u3000 "In recent years, I have witnessed the steady improvement of the market brand of ABC Huili fund, the stable development of the company's business and the continuous improvement of the investment and research echelon system. The Mesozoic and new generation fund managers are now luxuriant and take their own responsibilities, and have been trusted and recognized by the majority of holders and partners. With the continuous improvement of the company's equity investment ability, the short-term and long-term performance of its equity funds ranks in the forefront of the industry, which makes me feel proud At the same time, I also had the idea of looking at the outside world, saying goodbye to the past and pursuing new dreams. " He said.

According to the choice data, at present, Zhao Yi manages four products of ABC Huili Begonia, ABC industry 4.0, ABC new energy theme and ABC research, of which the return on employment of ABC new energy theme exceeds 330%. In 2020, he put the above four funds into the top four of the performance ranking of active equity funds.

Zhao Yi said that he grew up with the investment research team of Agricultural Bank of China Huili and had deep feelings. At the same time, he also firmly believed that the Agricultural Bank of China team would uphold the existing investment philosophy, select industries and companies based on fundamentals and stick to long-term investment. He also hoped that everyone would continue to support agricultural bank of China Huili fund.

\u3000\u3000 "Dear investors, what I love most is to invest in this business, and what I love most is you who give me support and trust! The road ahead is long and the years are amiable! The past will always leave fragrance and shadow of flowers, which will warm every touch of scenery and emotion in the future. The road is long and the road is coming, and if you don't stop, the future can be expected. Thank you for your support and trust in ABC Huili fund and me. Let's take advantage of the general trend of history and jointly witness and share Chinese capital Market growth! " Zhao Yi said in the letter.

next stop spring fruit fund

It is reported that after Zhao Yi left office, he did not choose the head public fund, but joined the Quanguo fund that was just approved not long ago. On January 29, 2022, the website of the CSRC showed that the Quanguo Fund (public offering) initiated by asset management veterans Wang Guobin and Ren Li was officially approved.

Public information shows that Quanguo fund is a public fund company initiated by professionals, and the initiating shareholders are Wang Guobin, Ren Li, etc., as well as four employee stock ownership platforms. According to the latest display on the official website of the CSRC, the company is registered in Shanghai with a registered capital of 100 million yuan. Its business scope covers the management of publicly offered securities investment funds, fund sales, private asset management and other businesses permitted by the CSRC. Among them, Wang Guobin and Ren Li hold 35% equity respectively.

Over the years, Wang Guobin has been a figure of great concern in the asset management industry. According to the public information of the company, Wang Guobin has 27 years of securities experience and is the earliest batch of investment veterans in China's securities market. He took the lead in putting forward and leading the concept of "value investment" in China. He is one of the most successful value investors in a shares. The value investment system and framework established by him have affected a number of well-known fund managers in the industry.

As Wang Guobin's best partner, Ren Li, the former general manager of Dongfanghong asset management, took the lead in proposing the two wheel drive of "professional investment research + professional service" in the asset management industry, and is committed to enabling investors to "get what they see and get what they expect" and obtain a happy investment experience.

It is noteworthy that in the equity structure of Quanguo fund, in addition to Wang Guobin and Ren Li each accounting for 35% of the equity, there are four partnerships, with a capital contribution ratio of 4.99%.

Insiders believe that Quanguo fund set up an employee stock ownership platform when it was established, which means that the company has reserved equity incentive space for future talents through the mechanism, so that employees can share the development of the company.

"The best benefit a company can provide to its employees is to recruit the best employees and let them work with the best employees." Wang Guobin once explained his talent management philosophy and management ideas.

In fact, in recent years, more and more fund companies have improved the fund governance structure and enhanced their core competitiveness through equity incentives and other forms. Up to now, more than 30 equity incentive plans have been implemented. Insiders believe that in the era when star fund managers have become the signboard of fund companies, equity incentive has become an important measure to retain core investment and research talents.

"cross border" new jobs, job exchange, "going private" entrepreneurship... 70 executives of public funds changed during the year

Since this year, there has been a wave of senior management changes in the public fund industry. Recently, a number of fund companies successively issued executive change announcements

Insiders said that the public fund industry has entered the fast lane of industry development, and the desire for talents has brought frequent changes to fund executives to a certain extent. In addition, the public fund industry is welcoming "cross-border" new executives, which helps to expand the development vision of the management, explore new business development directions, bring new business ideas to the development of the industry, and improve the comprehensive quality of the company's talent team.

executives change repeatedly

The reporter learned that Qianhai open source Fund recently ushered in personnel changes. Recently, Li Qiang, the former chairman of century securities, returned to the public fund industry and joined Qianhai open source fund. He plans to serve as the vice chairman of Qianhai open source fund.

It is reported that before joining Qianhai open source fund, Li Qiang served as the chairman of Qianhai Financial Holding Co., Ltd. since April 2015; When Hang Seng Qianhai fund was established, he served as the chairman of the company from 2016 to October 30, 2018; In May 2019, Li Qiang, chairman of Qianhai financial holding, the largest shareholder of century securities, was elected as the new chairman of century securities. Joining Qianhai open source fund this time means that Li Qiang has returned to the track of public funds.

Coincidentally, experienced veterans have been frequently entrusted with important tasks this year. The announcement shows that Fu Guoqing, the former general manager and chief information officer of TEDA Manulife fund, is the new chairman of the company and acting as the general manager. It is reported that Fu Guoqing has worked in TEDA Manulife fund for nearly 16 years. From May 2020 to now, he has been the general manager of the company, fully responsible for the operation and management of the company, and began to act as the chairman of the company at the end of September last year.

The recent personnel changes of the above fund companies have become the epitome of the change of executives in the industry in recent years. According to statistics, as of March 22, nearly 70 senior managers of fund companies had changed their positions this year.

Among them, 10 chairmen, 16 general managers, 24 deputy general managers, 18 chief inspectors and 10 chief information officers were involved.

Changes of fund executives since this year note: according to statistics, as of March 22

In fact, senior executives in the fund industry have changed frequently in recent years. Statistics show that in the three years from 2019 to 2021, the number of senior managers of public funds changed in a single year exceeded 300, reaching 339, 387 and 362 respectively.

the rapid development of the industry accelerates the flow of talents

Insiders said that generally speaking, after the end of the annual assessment period of fund companies, there will often be a wave of personnel changes, and many people will make new career choices according to the assessment results of the company.

A person from a fund company in South China said that the flow of fund executives is conducive to business exchanges between fund companies. The asset management industry has developed rapidly, and the demand for senior executives in the fund industry has increased. It should be noted that the public fund industry is welcoming "cross-border" new executives, which helps to expand the development vision of the management, explore new business development directions, bring new business ideas to the development of the industry, and improve the comprehensive quality of the company's talent team.

In terms of the reasons for the change of senior executives of the company, according to the analysis of a senior public fund person, there are mainly several situations. In order to seek better career development, individuals go to a larger fund platform or even "go private" entrepreneurship; Due to the pressure of shareholders' performance appraisal, the positions within the fund company will be changed, and the company's management may also make personnel adjustment according to the phased performance appraisal results; However, it may also be due to different incentive mechanisms, enterprise management concepts and other factors, resulting in the change of company executives.

The above-mentioned persons also said that public funds have shown a rapid development trend in recent years, and the frequent changes of company executives are basically positively related to the development of the industry, maintaining high liquidity. The fierce competition in the public offering industry, the increase in the number of fund companies and the strong demand for talents have accelerated the flow of industry executives to a certain extent.

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