There is another wave of "coaching change" in the brokerage industry. Recently, China Post Securities and CICC fortune securities have been reported to have changed their senior management, while Zhongtai Securities and Great Wall Securities have successively announced the change of their chairmen. Looking back, during the year, senior executives of securities firms changed frequently-Bi Mingjian resigned as CEO of CICC, and Huang Zhaohui, a veteran of CICC, succeeded him, and Deng Ge, former deputy director of the listing department of CSRC, took over as president of Guoxin Securities ... < P > According to WIND and company announcements, the first financial reporter found that more than 1 new presidents or chairmen of listed securities firms took office during the year. Among them, CICC, Guotai Junan, orient securities and other six newly hired chairmen, Founder Securities, Guohai Securities, Guoxin Securities and other five newly hired presidents, and Great Wall Securities and Hongta Securities newly hired financial directors.

There are also positions with personnel changes: chief information officer, chief risk officer, compliance director, technical director, etc. Retirement at age and job change are the reasons given in many announcements for senior executives to leave. Formally, Everbright Securities and Galaxy Securities Asset Management Subsidiary adopted a market-oriented way of openly recruiting the chairman.

The securities industry is a talent-intensive industry. Veterans leave the nest and new people take over. Every "coaching change" of securities firms attracts the market's attention to its strategic layout and business adjustment.

"Whether the strategic layout of the company will change with it depends on the whole, and it will not be greatly adjusted just because of changing the' number one'. However, most executives have rich experience in the capital market, especially those with regulatory agencies who have more working backgrounds and can better understand policy intentions. " The research director of a medium-sized brokerage in Beijing told the reporter.

Senior management changes in more than 2 securities firms

At the beginning of this year, Bi Mingjian, the current CEO of CICC, resigned and Huang Zhaohui, head of the investment banking department of CICC, took over.

Bi Mingjian was the first employee of CICC, and participated in the preparation of CICC in 1995. Huang Zhaohui is a veteran who has served CICC for more than 2 years and is a member of the management committee of CICC.

in addition to the CEO change, from January to August this year, from the CEO and the chairman to the assistant to the president, the secretary-general and the technical director, the staff in several important positions of CICC changed.

according to the statistics of the announcement, in January this year, Bi Mingjian resigned as the CEO of CICC, and the company hired Huang Zhaohui as the new CEO. In February, the company newly hired Chairman Shen Rujun; In March, Zhao Haiying, Shi Jun and Liu Haifeng ceased to be directors of the company. Warren Wang, assistant to the president, left and Xu Yicheng took over; In May, Xu Yicheng, the secretary-general, left office, and Sun Nan served as the secretary-general; In July, technical director Lu Xu left.

At the same time, during the year, the chairman and president resigned or were newly hired, as well as Founder Securities, Guohai Securities, Guoyuan Securities, Nanjing Securities, orient securities and Great Wall Securities.

in addition to the change of the position of "number one", it is not uncommon for a new CFO to take office. According to incomplete information, Guotai Junan, soochow securities, Hongta Securities and Great Wall Securities all hired new chief financial officers during the year.

in addition, with the development of industry-enabled financial technology and information technology, a number of positions have emerged in securities firms, such as chief information officer.

In June last year, the Measures for Information Technology Management of Securities Fund Operating Institutions stipulated that a securities firm should appoint a senior manager who is familiar with securities, has information technology-related professional background, working experience and performance ability as the chief information officer, and be responsible for information technology management. In April this year, Everbright Securities announced the new chief information officer Fang Ye.

In addition, the compliance director of Guolian Securities changed, and the regulatory director and chief risk officer of CITIC Construction Investment resigned.

Many people with regulatory experience

It is worth noting that among the senior executives of securities firms, people with experience in the CSRC system are common.

in may this year, Guoxin securities announced that the board of directors agreed to appoint Deng ge as the company's president. Deng Ge has rich experience in the CSRC system. Before and after 2, he was transferred from the the State Council Hong Kong and Macao Affairs Office to the listing department of the CSRC, and served as the director of the fifth department of the supervision department of the listed company of the CSRC. Later, he served as the first full-time spokesperson of the CSRC and the deputy director of the listing department of the CSRC.

During the year, Huatai Securities hired Jiao Xiaoning as the company's chief financial officer. Jiao Xiaoning has worked in the Ministry of Finance and the China Securities Regulatory Commission. Zhao Huiwen, who left the securities supervision system to work as a securities broker, also resigned as the vice president of central china securities in April this year and went to Dongxing Securities as the chief risk officer.

The above-mentioned research director of securities firms believes that most of the senior executives of securities firms have rich experience in capital markets and are more experienced in judging the securities industry and corporate strategy.

"Especially under the background of registration system, leading and medium-sized brokers are making efforts in investment banking. Small and medium-sized brokers want to transform their brokerage business and need experienced management teams to make a comprehensive layout." He said.

new ideas for newcomers?

A high degree of education and high salary is one of the main impressions of the securities industry, and every "coaching change" of brokers has aroused great concern in the market. Will the new head take office and promote a new round of reform of the brokerage firm?

In March this year, Huang Zhaohui said that CICC and Tencent jointly established a financial technology subsidiary, which was a major strategic decision of CICC, and the company was transforming the original retail business system with the help of Tencent's scientific and technological strength.

"Before CICC, it only did institutional business, not retail. After the acquisition of CIC Securities, it has a nationwide network. However, in recent years, the retail network competition is very fierce, and the transaction costs continue to decline. Such a retail network can' live' under the new situation and become an important profit-making department, which must be integrated with technology. " He once said.

there are also changes in senior management in foreign securities firms. In March this year, Morgan Stanley's shareholding in Morgan Stanley Huaxin Securities rose from 49% to 51%. After the completion of the holding, the chairman of Morgan Stanley Huaxin Securities changed.

According to the data, in the personnel change, the former chairman Yu Yang withdrew and Sun Wei became the new chairman. Sun Wei once said that China is one of the strategic priorities of Morgan Stanley's business development, and he expects to further increase investment in Morgan Stanley Huaxin Securities.

how will the replacement of veterans and the injection of "fresh blood" affect the development of securities firms?