Pre-holiday public offering executive changes: Multiple adjustments at companies like Bosera, PuYin Ansheng, involving over 30 people

Before the last trading day of the Spring Festival, the public fund industry experienced a wave of senior management adjustments. According to incomplete statistics, since the beginning of the year, 18 fund managers have undergone personnel changes, involving core positions such as deputy general manager, chief information officer, and inspector-in-chief, with more than 30 individuals affected. Notably, management changes at institutions like Bosera Fund, Pudong Development Bank Ansheng Fund, East Money Fund, and GF Fund have attracted market attention.

The adjustment at Bosera Fund is particularly noteworthy. Starting February 12, former Deputy General Manager and Chief Information Officer Wang Deying was transferred to Chief Technology Expert, with Chairman Zhang Dong acting as Chief Information Officer. Public information shows that Wang Deying joined Bosera Fund in 2000 and has served as General Manager of the Information Technology Department, Deputy General Manager, and other positions. During his tenure, he led the company’s IT system development, index and quantitative investment business growth, and concurrently served as Chairman of Bosera Wealth Fund Sales and Bosera Capital. Before this adjustment, there were rumors that he was demoted due to regulatory penalties, but the company explicitly denied this. It is worth noting that Bosera Fund has experienced consecutive changes in chairman and general manager since October last year, with new senior executives all promoted from within the shareholder招商系.

Pudong Development Bank Ansheng Fund filled a two-year vacancy for the Chief Information Officer position. On February 12, Huang Junlin was promoted to this role, while continuing to serve as General Manager of the Information Technology Department. His background shows he previously worked at Huatai-PineBridge Fund. After joining Pudong Development Bank Ansheng in October 2020, he held various management positions in the IT department. The position had been vacant since August 2023, when former CIO Deng Liejun left, who subsequently became Chief Information Officer at Yinhua Fund.

The Inspector-in-Chief position at East Money Fund has also seen a leadership transition. Former Assistant General Manager Ni Yongbiao was transferred to Inspector-in-Chief starting February 13, replacing Gao Jie, who left for personal reasons in September last year. Prior to this, the position was held by General Manager Sha Fuguai in an acting capacity for over five months. Ni Yongbiao’s career spans accounting firms, insurance asset management, and fund industries, having served as an auditor, head of the Compliance and Audit Department, and head of the Risk Management Department at East Money Fund, with extensive experience in compliance and risk control.

Changes in senior management in the investment research line are also noteworthy. GF Fund Deputy General Manager and Co-Head of Investment, Fu Youxing, resigned due to work reasons, managing a total of two public funds with combined assets of 10.276 billion yuan. Fu Youxing joined GF Fund in 2006 and has served as General Manager of the Research and Development Department and as a fund manager, being one of the core figures in the company’s equity investment field. After this adjustment, the management structure of GF Fund’s investment research team may undergo a new round of optimization.

Overall, the most frequent personnel changes are at the deputy general manager level, involving nine institutions including Chunnou Fund and Caixin Securities Asset Management. Among them, companies like Allianz Fund and Huatai Securities Asset Management have seen deputy general managers promoted to general managers, while firms like E Fund and Changsheng Fund have experienced deputy general managers leaving. Industry insiders analyze that frequent senior management changes reflect intensified competition in the public fund industry. Institutions are adjusting their management teams to adapt to market changes and regulatory requirements, while also reserving talent for business innovation and scale expansion.