Author丨Li Yuchen.
Editor丨Jiang Shiqiang.
Source丨Visual China.
On December 29, the announcement issued by Tianhong ** showed that from December 28, 2023, Gao Yang officially took office as the general manager of Tianhong**, and Han Xinyi, chairman of Tianhong**, will no longer serve as the general manager.
According to the latest announcement, the current Gaoyang has been nominated and qualified by the company's board of directors and remuneration committee in the early stage of its tenure, has been reviewed by the company's board of directors, and reported to the regulatory authorities in accordance with regulations.
The public recruitment veteran rushed to the next stop
After Guo Shuqiang, who had served as general manager for nearly 12 years, suddenly resigned due to personal reasons in July, the position of general manager of Tianhong ** has been vacant for half a year.
During the blank period, the position of general manager of Tianhong was replaced by Han Xinyi, chairman of Tianhong and CFO of Ant Group. At that time, Han Xinyi said in an internal email, "At present, the company's team is stable, and after years of development, the entire company's talent system has shown a three-dimensional development trend, which is the most important guarantee for the company's steady and high-quality development in the future." ”
However, as the term of office of senior executives is approaching the prescribed six-month time limit, at the end of the year, the industry is also concerned about the personnel selection and recruitment of Tianhong**.
Finally, on December 19, not long ago, Gaoyang's practitioner was changed to Tianhong ** in the official website of AMAC. With the latest announcement of Tianhong**, this veteran who has accumulated considerable experience in investment research and management in the public offering circle, his next career destination has also officially landed.
Judging from public information, Gao Yang's career is almost the same as the age of China's public offering market. After graduating from the University of International Business and Economics, Gao Yang worked as a manager in the sales and trading department of CICC from July 1998 to February 2000. In March 2000, Gao Yang stepped into the field of public offering and joined Bosera for the first time, successively serving as bond portfolio investment manager, value growth** manager, general manager of fixed income department, and was promoted to general manager of Bosera ** investment department in 2007.
From December 2008 to January 2021, Gao Yang was once transferred to Penghua** as deputy general manager, but after February 2021, he chose to return to his "old club" and served as general manager at Bosera ** until November 2023.
It is reported that Gao Yang was in charge of active equity investment during his tenure at Penghua**. During his 12 years as deputy general manager, Penghua ** has achieved a fight to the top echelon, and the management scale has soared from less than 60 billion yuan to 57361.8 billion yuan, a number of active equity products through the cycle, the income is outstanding. At the same time, during Gao Yang's tenure, Penghua ** also created a three-dimensional active equity investment and research system of "platform, mechanism, and talent", which provided a strong internal drive for the construction of overall investment and research strength.
Since Gaoyang returned to Bosera in early 2021, in the past three years, the company has issued as many as 103 active equity products, accounting for nearly half of the total products. Due to the impact of the market, Bosera ** active equity products did not achieve positive returns during his tenure, and the total management scale showed a trend of first rising and then declining, from 85027.2 billion yuan once increased to 1,082.8 billion yuan, and on September 30 this year, it was at 92560.9 billion yuan. However, in terms of scale, the scale of the company's ** type and bond ** still maintained growth.
Continue to make up for the shortcomings of rights and interests
Judging from the past experience, Gao Yang has rich experience in bond and investment research, and has been deeply involved in the construction and management of public equity products and teams, which coincides with Tianhong's traditional advantageous business of fixed income and fixed income +, as well as the vision of strengthening equity shortcomings.
In June 2013, the birth of Yu Bao became a milestone in the Internet, and it also made the once unknown Tianhong** win a beautiful breakthrough in the Internet era. In that year, the total scale of Tianhong ** jumped from less than 10 billion yuan to 194.4 billion yuan. However, in 2018, with the Yu'e Bao platform successively accessing a number of currencies** and Tianhong**'s monopoly position, it has become the top priority of the company's development to improve its non-cargo management capabilities and move into a comprehensive and comprehensive asset management institution.
As of September 30, 2023, the scale of Tianhong ** has reached 104839.6 billion yuan, ranking fifth in the public offering market. Over the past five years, the company's ranking in non-goods has also grown, rising from 48th to 15th in the market. Wind data on September 30 showed that the company's non-cargo scale was 30780.6 billion yuan, accounting for less than one-third of the total, of which the debt base is the mainstay, and the scale of ** type ** and mixed ** is only 10055.5 billion yuan. Improving the scale and influence of equity products has always been the "hard bone" in front of Tianhong**.
It is understood that during the period of Guo Shuqiang, Tianhong ** took the lead in choosing to start offline from passive index, QDII and other products, and achieved a certain increase in equity scale and performance ranking.
Tianhong** has a wide range of passive equity products, a wide range of layouts and low rates, attracting many investors, especially over-the-counter investors. Tianhong ** said. According to the 2023 semi-annual report, the number of holders of Tianhong Equity Index and Index Enhancement** exceeded 13.69 million, ranking first in the market. As of the end of the third quarter of 2023, the company's passive equity scale was 96.5 billion yuan (excluding connectivity**), of which the over-the-counter passive equity scale was 84.4 billion yuan.
Haitong**'s latest "**Company Equity and Fixed Income Asset Performance Ranking" shows that in the past five years, Tianhong**'s equity product performance ranking is 68 118, located in the middle of the industry, 67th and 26th respectively in the past three years and the past two years, and the ranking has shown a significant upward trend. As of September 28 this year, Tianhong**'s equity income in the past year was -249%, ranking 35 164 (21.)34%）。
In the second half of the year, in the context of market and industry fee reduction, an interviewee pointed out to reporters that in the context of the pressure on the issuance of active equity products, fixed income institutions are expected to strive to take this opportunity to open the layout window and seize the opportunity to fill the product gap, so they are still more biased towards the layout of active equity ** in terms of strategy.
At the 2023 Bosera ** Medium-term Investment Strategy Conference, Gao Yang pointed out: "After experiencing continuous valuation compression from 2021 to 2022, most of the current industrial themes in the equity market are at the low and bottom positions of valuation. ”
With the addition of Gao Yang, it is exciting to see what kind of chemical reaction this public offering veteran and Tianhong ** collide with.
sfc
Editor: Jiang Peipei, intern: Tan Yahan.
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