On the evening of March 5, the official website of the State Administration of Financial Supervision and Administration showed that Gu Lingyun's qualifications as chairman of CNCBI Wealth Management Co., Ltd. had been approved.
Gu Lingyun had previously served as the secretary of the Party Committee of CNCBI Wealth Management, and he was promoted from president to chairman.
According to the data, Gu Lingyun joined China CITIC Bank in 1999 and successively served as Vice President and Risk Director of China CITIC Bank Hangzhou Branch, Deputy General Manager (presiding over the work) of the Inclusive Finance Department of China CITIC Bank, and President of the Asset Management Business Center.
Founded in July 2020, CNCBI Wealth Management is the fourth wealth management subsidiary of a national joint-stock bank approved for operation, wholly owned by China CITIC Bank, with a registered capital of RMB 5 billion. It is mainly engaged in the issuance of public wealth management products, the issuance of private wealth management products, financial advisory and consulting and other asset management related businesses.
On February 29 this year, CNCBI Wealth Management announced that the company's legal person had been changed from Guo Danghuai to Gu Lingyun.
Born in 1964, Guo Danghuai joined CITIC in 1986 and has been working in CITIC for 34 years. He has successively served as salesman, deputy section chief, section chief, section chief, deputy general manager and general manager of the sales department of Jingcheng Building, assistant to the president and vice president of Beijing Branch, deputy general manager of the sales department of the head office, and vice president of the head office. Guo Huaidang resigned as vice president of the head office and related positions last year due to his age. The transfer of the position of Chairman of CNCBI Wealth Management has been completed.
After Gu Lingyun became the chairman, the position of president of CNCBI Wealth Management was taken over by Dong Wenji, and his qualifications were in the process. His position is the deputy secretary of the Party Committee of CNCBI Wealth Management and the proposed president.
Dong Wenzhen is also a person who grew up within China CITIC Bank, and once served as the legal representative of China CITIC Bank Beijing Anzhen Branch.
In January this year, the European Investment and Pension (IPE) Publishing Group released the list of "Top 500 Global Asset Management Companies in 2023", and CNCBI Wealth Management was on the list for the first time, ranking 113th.
According to the ranking of bank wealth management competitiveness released by Puyi Standard, in the fourth quarter of 2023, CNCBI Wealth Management's comprehensive wealth management ability ranked third among national wealth management institutions, second only to IB Wealth Management and CMB Wealth Management.
CNCBI Wealth Management, as the head institution of bank wealth management, but its net profit fell by nearly 30% year-on-year in the first half of last year.
According to the 2023 semi-annual report of China CITIC Bank, CNCBI Wealth Management achieved revenue of 148.5 billion yuan, while the revenue in the same period of 2022 was 189.2 billion yuan, a decrease of 2151%；The corresponding net profit was 9400 million yuan, down 28 percent year-on-year95%。
As of the end of the first half of last year, the total assets of CNCBI Wealth Management were 1109.1 billion yuan, up from 10.3 billion at the end of 2022400 million yuan, an increase of 726%；The debt-to-asset ratio was 627%, a decrease of 2 from the end of the previous year37 percentage points.