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deng bin, chief investment officer of ping an group, is leaving the company.

in response to market rumors about the resignation of chief investment officer deng bin, a spokesman for ping an group recently responded to a reporter from brokerage china that ping an group chief investment officer deng bin submitted his resignation to the company due to personal and family reasons, and the company expressed its contribution during his tenure. thanks, deng bin will continue to serve until the contract expires in december 2024. guo shibang, director of the investment committee of ping an group, will take over deng bin’s related work.

deng bin resigned

in fact, deng bin has served as chief investment officer of ping an group for less than three years. on january 20, 2022, the board of directors of ping an group announced a resolution to appoint deng bin as the chief investment officer (cio) of ping an group. the announcement also pointed out that former chief investment officer chen dexian will no longer serve as chief investment officer due to personal age reasons, but will continue to serve as director of the group's investment management committee, responsible for the management of the investment line and back office.

before joining ping an group, deng bin served as chief investment officer of china pacific insurance (group) co., ltd. and chief investment officer of china pacific insurance (hong kong) co., ltd., director of investment solutions and derivatives of aia group, american international group (aig) asia pacific regional (excluding japan and south korea) market risk management supervisor and other positions. he received a master's degree in business administration and a master's degree in quantitative model analysis from baruch college of the city university of new york, and holds the qualifications of a chartered financial analyst and a financial risk manager.

according to information on the official website of ping an group, deng bin is currently the assistant general manager and chief investment officer of ping an group. he also serves as a director of many holding subsidiaries of ping an group, including ping an life insurance and ping an pension insurance.

as of the end of june 2024, ping an insurance's capital investment portfolio exceeded 5.2 trillion yuan, an increase of 10.2% from the beginning of the year. the annualized comprehensive investment rate of return of the insurance fund investment portfolio was 4.2%, a year-on-year increase of 0.1 percentage point, and the average comprehensive investment rate of return in the past 10 years was 5.4%.

when attending the interim results conference, deng bin said that in the first half of the year, a lot of allocations were made to long-term interest rate bonds and a lot of value stocks, thus creating a stable investment rate of return. the stock market has achieved a balanced allocation and a dumbbell-shaped allocation, with a balanced allocation of value stocks and growth stocks. in the past three years, the equity allocation has significantly exceeded the market benchmark. in the second half of the year, we will still adhere to these investment principles, make balanced allocations, seize tactical opportunities, closely follow the national strategic direction, and do a good job in allocations under policy directions such as new quality productivity and the five major financial articles.

in a media interview, deng bin quoted two ancient sentences to express his understanding of insurance investment - "use the right combination to win by surprise", "fight in formation and then fight, the art of war is normal; the wisdom of application lies in one mind." . the former sentence comes from "sun tzu's art of war: power chapter", and the latter sentence is what yue fei said in "the history of song dynasty: the biography of yue fei".

deng bin said that "positive" in insurance investment can be understood as strategic asset allocation. when tactical opportunities come, we must seize tactical opportunities and capture market returns, "win with surprise." yue fei said that "fighting after formation is the normal art of war", which means the strategic and forward-looking nature of strategic configuration. insurance investment requires predicting market trends and policy trends, rather than waiting for policies, and making counter-cyclical investment allocations to achieve tactical excess returns.

guo shibang takes over

a spokesman for ping an group said that deng bin will continue to serve until the expiration of the contract in december 2024. by then, guo shibang, director of the investment committee of ping an group, will take over deng bin's related work.

it is reported that guo shibang was born in 1965 and is currently the assistant general manager and chief risk officer of ping an group.

guo shibang joined ping an group in march 2011 and served as executive director and vice president of ping an bank co., ltd., deputy general manager, chief risk officer and compliance director of ping an securities co., ltd., ping an bank co., ltd. (formerly shenzhen development bank co., ltd.) director of small and micro finance division and president of small business finance division.

before joining ping an group, guo shibang also had several years of working experience in state-owned banks and joint-stock banks. he once served as chief staff member and deputy division-level researcher (in charge of work) of the capital planning department of the head office of industrial and commercial bank of china co., ltd., president of beijing shangdi branch of china minsheng banking co., ltd., member of the party committee and deputy general manager of the beijing management department, secretary of the party committee and president of dalian branch, vice chairman of the retail management committee of the head office and general manager of the retail banking department.

on the evening of december 22, 2023, ping an bank announced that guo shibang resigned as executive director, member of the risk management committee of the board of directors, member of the related party transaction control committee and vice president of the bank due to job changes. after his resignation, he will no longer serve in the bank and its holding subsidiaries. on the same day, ping an group announced that the board of directors reviewed and approved the resolution to appoint guo shibang as assistant to the general manager. guo shibang will officially serve as the company's assistant to the general manager after obtaining the qualifications approved by the state administration of financial supervision and administration.

editor: luo xiaoxia

proofreading: li lingfeng