Many insiders said that under the wave of large capital management, the rapid increase in the number of various financial institutions has accelerated the frequent flow of senior talents. As the core personnel of Public Offering of Fund, the change of the company's chairman or general manager will often have a greater impact on the overall operation of the company.
Public Offering of Fund executives speed up the flow.
On April 13, Minsheng Plus Fund announced that Li will be the general manager of the company, and since the date of the appointment of the new general manager, Chairman Zhang Huannan will no longer act as the general manager; On March 20th, Baoying Fund announced that Yang Kai would be the general manager of the company and Li Wenzhong would no longer be the general manager. In addition, Honeycomb Fund, China Resources Yuanda Fund, Golden Eagle Fund, Bank of Communications Schroder Fund and CITIC Construction Investment Fund all announced the replacement of general managers earlier this year.
In fact, this year's intensive changes in fund company executives are only a continuation of last year's "coaching change" tide. According to statistics, in 20 18, 20 general managers of Public Offering of Fund left their jobs, a significant increase compared with previous years.
Chu Zhipeng, a researcher in the secondary market of Noah Research Workshop, said that in general, there are several reasons for fund companies to "change coaches": First, for their own career development, such as wanting to engage in other industries or start their own businesses; Secondly, with the shareholders or the chairman of the board of directors in some ways can not reach * * * informed and choose to leave; Finally, I was forced to leave my job because I couldn't finish the assessment index.
According to industry analysis, the number of various financial institutions has increased rapidly in the wave of asset management, and the demand for senior management talents is quite strong, which also provides more diversified choices for Public Offering of Fund executives after job hopping. Judging from the past after the resignation of the above-mentioned fund executives, most of them are still active in securities firms, insurance asset management institutions and other Public Offering of Fund and foreign-funded institutions.
Take Tang Xiaodong, former general manager of Huaxia Fund who left last year as an example. After leaving the company, he chose to join GF Securities as the deputy general manager of the company. On April 17, BlackRock, a global asset management giant, announced that Tang Xiaodong would be the head of BlackRock's China area, responsible for managing BlackRock's long-term business development strategy in China. In addition, Song Xiaolong, the former general manager of Taiping Fund, became the general manager less than two years after joining Huachen Future Fund.
The fund's "coaching change" has different effects.
Many insiders said that Public Offering of Fund is an intelligence-intensive industry that is highly dependent on talents. As the core of the management, the change of the company's chairman or general manager will often have a great impact on the overall operation of the company.
"For large fund companies with perfect governance framework and excellent senior management team, they may continue to develop according to the established path after' changing coaches'; Some small and medium-sized Public Offering of Fund companies rely more on the command of senior executives, and the change of general manager may have a greater impact on the company's product layout, sales style, incentive mechanism and even investment and research system. " A fund analyst in Shanghai said.
A person from a fund company in Shanghai said that if new executives are parachuted or recruited externally, it will often lead to substantial adjustments in the company's products, strategies and personnel; If you are a veteran of internal promotion and are familiar with the operation of the company, it is relatively easy to run in.
Judging from the fund companies that changed their general managers this year, some new senior executives were promoted from within the company. For example, the new general manager of Bank of Communications Schroeder is Xie Wei, the former deputy general manager of the company. Coincidentally, Chen Shiyong, the new general manager of Honeycomb Fund, joined Honeycomb Fund on 20 18 as the executive deputy general manager, responsible for the company's strategic planning, business development, product innovation and other management work. In addition, some companies choose to recruit talents through open recruitment.
Chu Zhipeng believes that the changes in the core management of fund companies need to be viewed from two aspects. If the management with boldness and clear strategic orientation is introduced, it will often bring new changes to the company and drive the whole company to finally achieve a Shuang Sheng with performance and scale. However, sometimes management changes bring frequent changes and lack of continuity in policies, which will inevitably lead to a great reduction in execution. In this case, it is difficult for the company to make a breakthrough.
(Article Source: shanghai securities news)