In June last year, Hu Yuefei, the former president of Ping An Bank, resigned due to age and Ji Guangheng took over, and his qualifications were approved in November last year.
Since December last year, Ping An Bank has begun to adjust its organizational structure. The magnitude of this adjustment can be described as very large, the corporate business department has been reduced from the original 13 to 7, and the retail business department has been reduced from the original 15 to 8.
Specifically, the company's financial business segment has merged the original six industry divisions of real estate, green finance, infrastructure, automotive ecology, electronic information and intelligent manufacturing, and medical and health cultural tourism into the strategic customer department. After the adjustment, the corporate finance business segment consists of the company's business management department, strategic customer department, transaction banking department, settlement and cash management department, cross-border finance department, investment banking department and institutional supervision team.
In the retail finance business segment, the retail business management departments of the three regions of the eastern, northern and southern districts were abolished, and the integrated financial service center was integrated into the comprehensive financial development department. After the adjustment, the retail finance module is composed of the comprehensive financial development department, the retail business management department, the automobile consumer finance center, the credit card center, the retail credit department, the private bank wealth department, the retail management service department, and the private bank wealth innovation department.
The major events in the world must be divided for a long time, and they must be divided for a long time. It seems that banks are no exception.
With the change of business departments, there will inevitably be personnel changes, including the head office and local branches.
At the 2024 Ping An Bank Work Conference held in mid-January, Ji Guangheng, the new president of Ping An Bank, revealed his high hopes for "structural reform". Through structural reform, the work style of the head office has been changed, and the independent operation of branches has been realized.
After Li Qingping resigned as chairman of China CITIC Bank in 2021, CITIC Banking also launched a round of organizational restructuring with the aim of integrating the retail finance sector and accelerating the layout of wealth management.
Not only these two banks, but also many commercial banks, especially joint-stock banks, often like to adapt to the new organizational structure and management methods once they have new leaders.
Many of the reforms were designed to focus on key businesses, improve efficiency, and avoid internal friction.
However, things are still those things, tasks are still those tasks, the people who do the work are still those people, and it will take time to test how much of a role they can play.