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this securities firm welcomes a new general manager for asset management, and the futures company's ceo takes up a new post across industries

2024-09-20

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two securities asset management companies welcomed new general managers in succession.

on september 19, following the change of chairman and general manager of essence asset management, changjiang securities (shanghai) asset management co., ltd. (referred to as "changjiang asset management") also announced that it has welcomed a new general manager - pan shan, the former president of changjiang futures.

it is reported that in march this year, a series of senior management adjustments took place within changjiang asset management. after gao zhanjun resigned as chairman due to work adjustments, the new chairman was replaced by former general manager yang zhong, who also served as acting general manager. half a year later, with the arrival of pan shan, the new general manager of changjiang asset management has finally been decided.

it is worth mentioning that before joining changjiang asset management, pan shan served as the president of changjiang futures. he also worked in the telecommunications field at china mobile.

welcome the cross-border general manager

on september 19, changjiang asset management officially disclosed the company's new general manager candidate, pan shan, the former president of changjiang futures, will serve as the general manager of changjiang asset management, and his term of office will begin on september 18, 2024. from the date when pan shan took office as the company's general manager, the company's chairman yang zhong will no longer serve as acting general manager.

there were signs that pan shan would be appointed as the general manager of changjiang asset management. changjiang futures (872186.nq) announced on september 2 that the company's board of directors received a resignation report from pan shan, the director and president, on september 2, and his resignation would take effect from september 2.

it is reported that pan shan is a cross-border executive who once entered the financial field from the telecommunications field, and now has crossed over from futures in the financial sub-sector to the asset management field.

according to the information, pan shan is 43 years old and holds a bachelor's and master's degree in management from huazhong university of science and technology. before joining changjiang securities, he had work experience in guangdong telecom and china mobile guangdong shenzhen branch; from 2010 to 2019, he successively served as a manager at the changjiang securities retail customer headquarters and the changjiang securities huanggang bayi road securities sales department; from august 2019 to september 2024, he served as the president of changjiang futures; from october 2019 to september 2024, he also served as the chairman of changjiang industrial financial services (wuhan) co., ltd.

it is worth mentioning that on march 12 this year, changjiang asset management underwent a series of senior management adjustments. the former chairman gao zhanjun resigned due to work adjustments, and the new chairman was replaced by the former general manager yang zhong. at the same time, yang zhong continued to serve as acting general manager. as of now, yang zhong has served as acting general manager for 6 months.

this personnel change means that after half a year, changjiang asset management has welcomed a new general manager.

focus on expanding institutional clients

it is reported that changjiang securities conducts asset management and public offering businesses through changjiang asset management and changxin fund, both of which have public offering licenses.

among them, changjiang asset management was established in 2014 and is a wholly-owned subsidiary of changjiang securities. it obtained the qualifications for public fund management business and entrusted management of insurance funds business in january 2016 and june 2017 respectively.

according to the 2024 semi-annual report of changjiang securities, in the first half of this year, changjiang asset management achieved revenue of 131 million yuan, a slight increase of 0.21% year-on-year; and achieved net profit of approximately 34.26 million yuan, a year-on-year decrease of 11.02%.

as of the end of the first half of 2024, the total scale of management of changjiang asset management was 58.971 billion yuan, an increase of 8.21% from the end of 2023. among them, the scale of public fund management was 23.906 billion yuan, an increase of 33.53% from the previous month, and the scale of private fund management was 35.064 billion yuan.

in its semiannual report, changjiang securities stated that in the first half of 2024, changjiang asset management will continue to implement the three-in-one development strategy of "investment research improvement, product planning, and channel layout". under the premise of strictly controlling risks, it will continuously improve its active management capabilities and strive to create long-term and stable investment returns for the majority of investors.

in terms of public offerings, changjiang asset management's key banks have been deeply involved in achieving a new high in non-cash scale initial public offerings, and the institutional client reserves have been effectively expanded, laying the foundation for the increase in non-cash scale; in terms of private placements, internal and external channels have been jointly promoted, new cooperation has been added in the bank channel, external cooperation in the securities channel has been broken, and third-party platforms have increased private placement exposure, helping to increase the scale of private placements in multiple dimensions.

for the second half of this year, changjiang securities said that changjiang asset management will refine its investment and research capabilities, clarify the development positioning of various businesses through the dual-wheel drive of "fixed income + equity", seek progress in stability, and strive to achieve the same frequency resonance of performance and scale. on the basis of deepening and cultivating bank channels, it will enhance professional services and focus on expanding institutional customers: first, serve featured securities companies and break through large and medium-sized securities companies; second, firmly follow the development path of e-commerce and the internet and cultivate customers based on models.