Tianzhi ** general manager welcomes the new. On December 18, Tianzhi ** issued an announcement on the change of senior management personnel, and since December 16, Xu Jiahan, deputy general manager, has been transferred to the general manager and financial director of the company due to work adjustment. It is understood that before Xu Jiahan took office, the general manager of the company had been replaced by the chairman for nearly 6 months. And two weeks ago, on December 4, Tianzhi ** had publicly "auditioned" the general manager. Some industry insiders pointed out that the company still chooses internal promotion, which may be more in need of someone who is familiar with the company's internal operations to serve as the general manager to ensure the stability and continuity of the company's operations. However, in recent years, there have been many market-oriented "auditions" of senior executives in the company, and investors need to pay attention to the continuity of the company's strategy after the change of executives and the impact on product investment performance.
The candidate is decided. Vacant for nearly half a year, Tianzhi ** recently ushered in a new general manager. On December 18, Tianzhi ** issued an announcement on the change of senior management, stating that since December 16, deputy general manager Xu Jiahan has been transferred to the general manager and financial director of the company due to work adjustment. On the same day, Tianzhi** announced that Zhao Zhengzhong was the new chief information officer of the company, and since December 16, Ma Tiegang, chairman of the company, will no longer perform the duties of general manager, financial director and chief information officer.
According to the public resume, Xu Jiahan, the new general manager who was promoted from within, worked in Jilin Provincial Trust Co., Ltd. (hereinafter referred to as "Jilin Trust") from July 2005 to September 2007 as a staff member of the self-operated capital departmentSince September 2007, he has worked in Tianzhi**, successively serving as trader, assistant director of trading department, deputy director of trading department, director of trading department, ** manager, director of equity investment department, investment director, deputy general manager and so on.
Before Xu Jiahan took office, Chairman Ma Tiegang had been acting as the general manager of the company for nearly half a year. On June 17, 2023, Tianzhi** issued an announcement stating that General Manager Xu Kelei resigned on June 17 for personal reasons, and at that time, Ma Tiegang, chairman of the company, temporarily took the position of general manager.
According to the Measures for the Supervision and Administration of Directors, Supervisors, Senior Managers and Employees of Business Institutions, if the chairman, general manager, compliance officer and head of a branch of a business institution are unable to perform their duties for any reason, the relevant personnel shall perform their duties prudently and diligently, and the time shall not exceed 6 months.
It is worth mentioning that just when the chairman's position as general manager will be completed for 6 months, Tianzhi ** has planned to use the "sea selection" method to select and hire the general manager in a market-oriented manner. According to the announcement issued by Jilin Trust, a shareholder of Tianzhi, on December 4, Tianzhi intends to openly select and hire a general manager, requiring more than ten years of relevant work experience in financial institutions, and the position of deputy general manager or equivalent position management experience in a public offering company.
After nearly 6 months of the chairman's appointment, what is the reason why the position of general manager has been changed from "audition" to internal promotion?Is it a compromise under the regulatory requirements?Regarding the above questions, a reporter from Beijing Business Daily issued an interview with Tianzhi**, but did not receive a reply as of press time.
According to Jiang Han, a senior researcher at Pangu Think Tank, the company's above-mentioned measures may require someone familiar with the company's internal operations to serve as the general manager to ensure the stability and continuity of the company's operations. In the current market environment, companies may believe that internal promotions can avoid the risk of strategic adjustment that may come with external recruitment. Internal promotions can improve the morale and loyalty of a company's employees to a certain extent, and employees may have a greater incentive to contribute to the company when they see that the company values internal talent.
It is necessary to pay attention to the strategic continuity of the company.
Although the general manager has been decided, as a public offering institution that has been established for 20 years, from all aspects, the performance of Tianzhi is still relatively flat.
According to public information, Tianzhi ** was established on May 27, 2003. As of the end of the third quarter of 2023, the scale of non-cargo base management of Tianzhi** was 723.8 billion yuan. Compared with the public offering established in the same period, the scale of non-cargo base management of Tianzhi ** is at the bottom.
Flush ifind data shows that 10 public offerings such as GF and Invesco Great Wall were established in the same year as Tianzhi**. Specifically, as of the end of the third quarter of 2023, GF**'s non-cargo base management scale reached 66296.7 billion yuan;Invesco Great Wall**'s non-cargo base management scale also reached 33933.9 billion yuan. In addition, the non-cargo-based management scale of China Industrial Securities Global, Huabao, Haifutong, and Guolianan, which were established in the same year, also exceeded 100 billion yuan, with 2,834 respectively6.6 billion yuan, 14001.3 billion yuan, 10348.9 billion yuan, 10090.3 billion yuan.
Looking back on the performance of the year, the data shows that as of December 18, the average yield of Tianzhi**'s active equity products fell by more than 10% to -1259%, during the year, only Tianzhi Research Driven Flexible Allocation Hybrid A C two products closed positive, for. 8%。
Yu Fenghui, an economist and new finance expert, believes that Tianzhi was established earlier but the scale of non-cargo management is small, which may be related to the company's relatively weak brand awareness and market influence, and it is difficult to attract more investors. In addition, it may also be related to the fierce competition in the market, the large number of similar products, and the large space for investors to choose. In Yu Fenghui's view, in order to expand the scale of management, the company can strengthen brand promotion and improve market awareness. Increase product innovation, enrich product lines, and meet the needs of different investors;Improve investment performance and earn the trust of investors.
As for the market-oriented executive selection method, Jiang Han also reminded that in recent years, there have been many cases of public market-oriented "sea selection" of executives, which is mainly to introduce more outstanding external talents and improve the company's competitiveness. However, external recruitment may also have situations where the new executive does not match the company's culture and strategy, resulting in unstable company operations. Investors need to pay attention to the continuity of the company's strategy after the change of senior management and the impact on investment performance, and it is recommended to choose ** companies with relatively stable senior management team strategy and investment performance.
Beijing Business Daily reporter Liu Yuyang Hao Yan.