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the “3-year curse” of fund executives

2024-09-13

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for chinese people, 3 years is often a summary of a small stage.

3 years of junior high school, 3 years of high school, and so on.

in the public fund industry, three years seems to have gradually become a "curse" for senior executives' tenure.

according to preliminary statistics, by 2024, about 15 senior executives in the fund industry will step down after serving as executives for about three years.

some of them joined foreign-funded public funds, some served domestic asset management institutions, some followed the senior management who hired them, and some left alone. but the nodes are all about 3 years.

what is the story behind this?

as many as 15 people "will be punished within three years"

according to preliminary statistics from capital deep dive, among the senior executives of public fund companies who left this year, about 15 left about three years after joining the company or taking up the position of senior executives.

these include wang haobo (suzaku fund); xun hang (dongcai fund); fu ming (jiangxin fund); ru ping (roube berman fund); zhang chi (blackrock fund); zhi huijie (china science and technology wotu fund), etc.

their positions have their own merits. some are general managers who have an overall view of the business, while others are deputy general managers who are in charge of a certain business area.