At the end of the year and the beginning of the year, the change of senior executives in securities business began to accelerate. According to public information, as of January 12, there have been changes in senior management candidates of many securities companies such as Soochow Securities Co.Ltd(601555) , Caitong Securities Co.Ltd(601108) , Gf Securities Co.Ltd(000776) , Sealand Securities Co.Ltd(000750) in less than two weeks since the beginning of the year. Some new people took office and some “old people” left office. On the whole, the departure of senior executives of securities companies mainly has three factors: personal reasons, age reasons and job transfer. Insiders pointed out that with the end of the performance appraisal of the previous year, executives with good performance may be favored by other institutions and “job hopping”, and executives with poor performance may find another place, which also led to the frequent flow of executives at the beginning of the year.
Brokerage executives “change blood” constantly. On January 12, Soochow Securities Co.Ltd(601555) announced that Yuan Weijing would no longer serve as vice president and financial director of the company due to her age; On the same day, Soochow Securities Co.Ltd(601555) the board of directors agreed to appoint Yao Xuan as vice president, financial director and executive member of the company.
According to public information, Yao Dian has successively served as general manager of securities business department of Jiashan Avenue, Jiashan County, Soochow Securities Co.Ltd(601555) , general manager of Jiaxing Branch, general manager of fixed income headquarters, Soochow Securities Co.Ltd(601555) assistant to the president and general manager of fixed income headquarters; He is now the Executive Committee of Soochow Securities Co.Ltd(601555) company, assistant to the president and general manager of fixed income headquarters.
And Caitong Securities Co.Ltd(601108) also announced on January 11 that Lu Jianqiang, the former chairman and director of the company, applied to resign as a director, member of the strategic committee of the board of directors and chairman of the board of directors due to organizational transfer. On the same day of January 11, China Zheshang Bank Co.Ltd(601916) announced that according to the decision of the CPC Zhejiang Provincial Committee, Lu Jianqiang was appointed member and Secretary of the China Zheshang Bank Co.Ltd(601916) Party committee; According to the decision of the Party group of Zhejiang Provincial People’s government, Lu Jianqiang was nominated as China Zheshang Bank Co.Ltd(601916) director and chairman. According to public information, Lu Jianqiang once served as Deputy Secretary General of Zhejiang Provincial People’s government, deputy director of the general office, member of the Party group and deputy director of the proposal Committee.
Just one day ago, Gf Securities Co.Ltd(000776) also three senior executives of “guanxuan” performed their duties and newly hired Wu Shunhu as the company’s chief risk officer; Cui zhouhang served as the company’s human resources director (Senior Management); Ge Changwei is nominated as the candidate for executive director of the 10th board of directors of the company. In addition, Sealand Securities Co.Ltd(000750) also welcomed two new vice presidents Jiang Jian and Cheng Ming at the beginning of the year. It is reported that Jiang Jian has successively worked in Zhejiang securities, Founder Securities Co.Ltd(601901) and Guohai Franklin fund; Cheng Ming has successively served as the chief section member and deputy director of the non listed public companies Department of the CSRC, the deputy director and researcher of the corporate bonds department, etc.
According to media reports, Guotai Junan Securities Co.Ltd(601211) securities also plans to change four senior executives in the near future, including Vice Chairman and vice president. It is reported that Wang song, vice chairman of Guotai Junan Securities Co.Ltd(601211) securities, will succeed Li Junjie, vice president of the company, in charge of Guotai Junan Securities Co.Ltd(601211) Zhengyu Investment Co., Ltd; Jiang Wei is no longer in charge of Guotai Junan Securities Co.Ltd(601211) Securities Asset Management Co., Ltd. and no longer contacts Hua’an fund. Xie Lebin, vice president of Guotai Junan Securities Co.Ltd(601211) securities, takes over; Li Junjie took over Xie Lebin in charge of the investment banking business department and the strategic customer department. In view of the authenticity of the above news, the reporter of Beijing business daily issued a document to interview Guotai Junan Securities Co.Ltd(601211) securities, but as of press time, no relevant reply has been received.
If the time is extended to nearly one month, there will be changes in the senior management candidates of listed securities companies such as Guolian Securities Co.Ltd(601456) , Changjiang Securities Company Limited(000783) , Zhongtai Securities Co.Ltd(600918) . Among them, Yao Zhiyong, the former chairman of Guolian Securities Co.Ltd(601456) left his post due to job transfer, and Ge Xiaobo, the executive director and President of the company, acted as the chairman. At the same time, Ge Xiaobo became the new chairman of Huaying securities, a wholly-owned subsidiary of Guolian Securities Co.Ltd(601456) ; Luo Guohua, former vice president of Changjiang Securities Company Limited(000783) and Huang Yonggang, former deputy general manager of Zhongtai Securities Co.Ltd(600918) left office recently for personal reasons.
Why do senior executives of securities companies change so frequently at the end of the year and the beginning of the year? Wang Jianhui, a senior person in securities business, mentioned to the Beijing Business Daily that generally speaking, the performance evaluation of securities companies is carried out in a complete natural year. At the beginning of the year, with the “release” of the performance evaluation results of the previous year, the executives with good performance may be favored by other institutions and “job hopping”, and the executives with poor performance may find another place. In addition, some executives may adjust their work after completing the work arrangement of the previous year and completing the handover. He also mentioned that “on the whole, the change of senior executives of securities companies at the beginning of this year increased slightly compared with the same period in 2021. This is mainly due to the fact that the factors affected by the epidemic in the industry in 2021 are less than those in 2020, so the performance evaluation results of senior executives of securities companies in 2021 are more comparable than those in the previous year, which leads to the phenomenon of accelerated mobility of these senior executives”.
For the impact of senior management changes on the company, Wang Jianhui said that generally speaking, senior management changes of deputy general manager and above may have a great impact on the company’s business strategy and development direction. For example, the impact of the change of the general manager may be reflected in the performance change, business direction or focus adjustment of each department of the company; The change of deputy general manager level executives affects more relevant business lines they are responsible for. “If the \’management team\’ changes only a few executives, the overall impact on the company is not particularly obvious. However, if there are major changes in executives including the \’top leaders\’, the company’s operation may change greatly.”
