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[Introduction] Huatai Baoxing Fund promoted two assistant general managers in one day. Shang Shuohui and Zhao Dan came from the investment and marketing departments respectively.

China Fund News reporter Tian Xin

Another fund manager was promoted to company executive.

According to the latest executive change announcement released by Huatai Baoxing Fund, Shang Shuohui was promoted to assistant general manager of the company on August 19, concurrently serving as equity investment director and general manager of fund of funds (FOF) investment department. Also promoted with him was Zhao Dan, who is currently the assistant general manager of the company and concurrently serves as general manager of the e-commerce department.

At present, the public fund management scale of Huatai Baoxing Fund is close to 40 billion yuan, which is the highest level since the establishment of the company. It is worth mentioning that due to the change of the actual controller of the company's controlling shareholder Huatai Insurance Group, Huatai Baoxing Fund is also facing a change of actual controller.

Shang Shuohui and Zhao Dan were promoted to assistant general managers

Huatai Baoxing Fund promoted two assistant general managers in one day.

On August 20, Huatai Baoxing Fund issued an announcement stating that fund manager Shang Shuohui was promoted to assistant to the company's general manager, concurrently as equity investment director and general manager of the fund of funds (FOF) investment department, and his appointment date is August 19, 2024.

According to the information, Shang Shuohui has more than 14 years of experience in securities industry and more than 7 years of investment experience. He has served as a researcher, investment manager and senior investment manager of Huatai Asset Management Equity Portfolio Department. He joined Huatai Baoxing Fund in August 2016 and served as deputy general manager of fund investment department and general manager of fund investment department. He is currently the assistant to the general manager of the company, concurrently serving as the equity investment director and general manager of fund of funds (FOF) investment department.

It is understood that during his tenure at Huatai Asset Management, Shang Shuohui had managed Huatai Life Insurance's unit-linked insurance products, insurance institutions' relative return entrusted accounts, absolute return entrusted accounts, portfolio insurance asset management products and corporate pension plans.

As of the end of the second quarter of this year, he managed a total of 5 funds, all of which were active equity products, and his overall return on investment remained above average. For example, Huatai Baoxing Jinianfeng, where he has served the longest, has achieved a return on investment of 58.6% since March 2017, with an annualized return of 6.42%, ranking in the top 1/4 among similar products.

At the same time, Huatai Baoxing Fund also announced that Zhao Dan was promoted to assistant general manager and concurrently general manager of the e-commerce department.

According to public information, Zhao Dan has served as the channel manager of Harvest Fund, assistant channel sales manager, channel sales manager, senior channel sales manager, deputy general manager of Shenzhen branch, deputy general manager of Guangzhou branch, general manager of institutional business department of Hui'an Fund, and general manager of Shandong branch. He joined Huatai Baoxing Fund in April 2024.

Public fund management scale hits a record high

According to the official website, Huatai Baoxing Fund was established in July 2016. It is an insurance fund company initiated and controlled by Huatai Insurance Group. The major shareholder Huatai Insurance Group holds 85% of the shares, and the remaining 15% of the shares are held by the equity incentive holding platform of senior management and core business backbones.

Wind statistics show that by the end of the second quarter of this year, Huatai Baoxing's public fund assets under management amounted to 39.819 billion yuan, the highest level since the company was founded. Among them, the non-cash scale was 30.929 billion yuan, ranking among the top 100 in the industry.

From the perspective of product structure, the company's fixed income products account for the vast majority, among which bond funds alone account for nearly 70%.

Overall, the level of corporate bond investment is remarkable.

According to the "Fund Company Equity and Fixed Income Asset Performance Ranking" released by Haitong Securities, as of the end of June this year, Huatai Baoxing Fund's fixed income investment performance in the past five and seven years ranked 11th and 4th in the industry respectively.

It is worth mentioning that since the controlling shareholder of Huatai Baoxing Fund, Huatai Insurance Group, changed its actual controller to AXA Co., Ltd., Huatai Baoxing Fund is also facing a change in its actual controller.

As early as February this year, the China Securities Regulatory Commission issued the "Feedback on the Change of Actual Controller of Huatai Baoxing Fund Management Co., Ltd.", which provided feedback on the company's application to change the actual controller. If the application is finally approved, Huatai Baoxing Fund may become a foreign-funded fund company.

Editor: Captain

Audit: Wooden Fish

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