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with many veterans reaching retirement age, the securities industry has seen a new wave of executive changes.

according to a recent announcement by caitong securities (601108.sh), the company's general manager huang weijian will no longer hold the above position due to retirement age, and the company's chairman zhang qicheng will temporarily take over the duties. recently, southwest securities (600369.sh) chairman wu jian also resigned due to retirement age. according to a review, other senior executives of securities companies who have retired since august include zhu qiben, secretary of the board of directors of zhongyuan securities (601375.sh), and zhang guoming, chief risk officer of citic securities (600030.sh).

in addition to retirement, many brokerage executives have left for personal reasons. just last week, hualin securities (002945.sz), which has experienced frequent personnel changes this year, had another executive change, with chang yifeng, a member of the company's executive committee, resigning for personal reasons.

the securities industry has always had frequent staff turnover, and the situation has been particularly prominent in the past two months. according to choice statistics, since august, more than a dozen listed securities firms, including guotai junan securities, cinda securities, and guoyuan securities, have seen senior executives resign.

when shang jian, the secretary and deputy general manager of cinda securities (601059.sh), resigned, the company hired three new deputy general managers.

southwest securities ceo wu jian retires

after serving as the general manager of china fortune securities for three and a half years, huang weijian retired due to age.

according to an announcement by caitong securities on september 6, huang weijian will resign from his positions as director, general manager and member of the board's risk control committee due to reaching retirement age. before the new general manager takes office, zhang qicheng will perform the duties of general manager for no more than 6 months.

china fortune securities commended huang weijian's work during his tenure, saying that he has made positive contributions in striving to become a first-class investment bank and improving corporate governance and systematic management capabilities.

huang weijian was born in july 1964 and is now 60 years old. he has served as deputy general manager and member of the party committee of zhejiang energy group co., ltd., and director and deputy secretary of the party committee of zhejiang communications investment group co., ltd. (hereinafter referred to as "zhejiang communications investment group").

in march 2021, huang weijian was "airdropped" to china fortune securities from zhejiang communications investment group and was appointed as a director of the company. in august of the same year, he became the general manager.

half a month ago, wu jian, a veteran who had "served" in southwest securities for more than ten years, resigned as chairman of the company due to retirement age.

according to an announcement made by southwest securities at the end of august, wu jian has reached retirement age and resigned from the positions of chairman of the company, chairman of the strategy and esg committee, and director. after his resignation, he will no longer hold any position in the company.

wu jian has served as vice president of southwest securities since february 2014, and before that he served as a director of the company. he was promoted to president in july 2016 and chairman in september 2021, succeeding liao qingxuan who retired at that time.

according to information, wu jian was born in april 1964 and is now 60 years old. he has served as chairman of southwest securities international investment co., ltd., chairman of the board of directors of southwest securities international securities co., ltd., director of yinhua fund management co., ltd., and vice chairman of the international business committee of the china securities association.

wu jian has worked in regulatory agencies, including as director of the listing department of the chongqing securities regulatory bureau, member of the self-discipline management committee of the fourth council of the shanghai stock exchange, and chairman of the chongqing securities and futures association.

overall, during wu jian's tenure, southwest securities' performance fluctuated in the past three years, but it achieved increased revenue and profit last year. the company's revenue in 2023 was 2.329 billion yuan, and its net profit attributable to the parent company was 602 million yuan, up 30.33% and 94.63% year-on-year respectively.

at the interim performance meeting held recently, an investor asked about the impact of the chairman's resignation on the company's subsequent performance and whether the company would adjust its development strategy. yang yusong, general manager of southwest securities, responded that the chairman's resignation would not cause the number of board members to fall below the statutory minimum number and would not affect the company's normal business activities and development.

in addition, according to the reporter's analysis, from the end of august to now, guotai junan director zhang yipeng, zhongyuan securities board secretary zhu qiben, and citic securities chief risk officer and compliance director zhang guoming have also resigned from their positions in their companies due to retirement age.

senior executives leaving listed securities firms or parent companies since august (source: choice data)

hualin securities has another executive change

in addition to retirement due to age, resignation due to job changes and personal reasons is also the main reason for recent personnel changes among securities firm executives.

hualin securities recently added another executive change. the company disclosed on september 7 that chang yifeng applied to resign from the company's executive committee for personal reasons. after his resignation, he will no longer hold any position in the company and its holding subsidiaries.

according to information, chang yifeng has served as assistant to the president of hualin securities and head of the retail business team of fortune tribe since april 2021. in june of the same year, he also served as general manager of hualin securities shenzhen branch. the following year (may 2022), he served as a member of the executive committee of hualin securities.

since the beginning of this year, hualin securities has continued to adjust its senior management. according to incomplete statistics, since mid-may alone, executive committee member zhao ming and ceo and cfo zhu song have resigned.

it was disclosed that zhu song, the ceo and cfo, who had been in office for less than a year, resigned in late may due to personal reasons. hualin securities appointed qin xiang as ceo and to perform the duties of cfo.

before zhu song resigned, he received a fine. according to hualin securities, due to the large discrepancy between the company's 2023 performance forecast and the revised announcement, and the delay in the disclosure of litigation ruling information, chairman lin li, general manager and chief financial officer zhu song and others were issued a warning letter by the tibet securities regulatory bureau.

the speed of hualin securities' "changing of leadership" has also attracted market attention. before qin xiang took over as the company's ceo, hualin securities had successively welcomed three chief executives, wei hongbo, zhao weixing, and zhu song, since 2021.

two months ago, hualin securities hired three new executives born in the 1970s on the same day. the company disclosed on july 19 that it had appointed yao songtao and zeng jun as members of the company's executive committee, and lu xiaofang as a member of the company's executive committee and chief financial officer.

in addition, from the perspective of the past two months, choice data shows that in addition to the above-mentioned securities firms, senior management changes have also occurred in dongwu securities, cinda securities, guotai junan securities, and boc securities since august. among them, at the end of the month, boc securities directors zu honghao and wen lan resigned due to work arrangements, and wang yue and wang lei were nominated as director candidates.

after the former deputy general manager resigned, china cinda securities hired three new deputy general managers at once.

according to the company's announcement on august 28, deputy general manager and secretary of the board of directors shang jian resigned due to age reasons. the company appointed wei xianfeng, zhan jiang and zhang yi as deputy general managers of the company. zhang yi also serves as the company's financial director and secretary of the board of directors.