Cai Lian News Agency, March 24 (Reporter Huang Jingsi) The president, chief information officer, and assistant to the president left their terms of office on the same day, and Wanlian Securities once again ushered in intensive changes in senior management.
On March 24, Wanlian Securities issued an announcement of the change of executives, which was extremely informative: first, President Wang Yaonan, Chief Information Officer Luo Qincheng, and President Assistant Wei Gang left their posts, all on March 21; Second, Zhang Yifeng, vice president in charge of self-operated business, performs the duties of president on his behalf.
On the same day, Wanlian Securities also made an announcement on the change of directors, among which Wang Yaonan and Luo Qincheng no longer served as directors of the company.
Judging from the announcement, in 2023, the senior management of Wanlian Securities has changed more frequently, among which both new faces have appeared and veterans have called the curtain call.
On January 31, Wanlian Securities appointed Wei Zhimin as vice president of the company; On February 23, Kangli Liu was appointed assistant to the president and removed from the position of executive vice president of Luo Qincheng, who continued to serve as chief information officer. Today, a month later, the company announced again that Wang Yaonan stepped down as president and Luo Qincheng stepped down as chief information officer.
Wang Yaonan, a senior female general in the securities industry, has completed her term
In the talented securities industry, the power of female executives to "hold up half the sky" cannot be ignored, but there are still only a few women serving as presidents or general managers of companies, such as Wang Yaonan, the recently retired president of Wanlian Securities.
Judging from her resume, Wang Yaonan is a fairly senior female general in the securities industry, and an old Wanlian person with more than 20 years of experience, who previously held several positions in the company, namely deputy secretary of the party committee, vice chairman and president. In the company's internal evaluation, Wang Yaonan was called a "very successful woman" by colleagues.
Wang Yaonan is a post-70s generation, joined Wanlian Securities in 2001, and has been a 22-year veteran of Wanlian. She has successively served as the director of the office, the president of the labor union, the director of administration, the secretary of the general party branch, the secretary of the party committee, and the vice president. Since 2009, Wang Yaonan has served as the vice chairman of Wanlian Securities; Since June 2021, Wang Yaonan has served as the president of Wanlian Securities.
After Wang Yaonan left office, the position of president was performed by vice president Zhang Yifeng. Zhang Yifeng is also a financial veteran with rich experience in securities investment and asset management. In July 2019, Zhang Yifeng joined Wanlian Securities and is currently the vice president and general manager of the institutional business department, and the chairman of Wanlian Guangsheng.
Wanlian Securities' executives change frequently
From Cui Xiuhong, former vice president, Yuan Xiaoyi, former chairman, to Luo Qincheng, vice president and chief information officer, to President Wang Yaonan and President Assistant Wei Gang, in the past two years, Wanlian Securities has reported changes in senior management from time to time, during which the company's global recruitment of vice presidents has also attracted attention.
In July 2021, the news of the resignation of Cui Xiuhong, vice president of Wanlian Securities in charge of asset management business, came out, and in September of the same year, Cui Xiuhong assumed the position of president of Xinchuan Finance Securities.
On May 10, 2022, Wanlian Securities officially announced the change of coach. Wang Da, former assistant general manager of Guangzhou Financial Holdings, succeeded Yuan Xiaoyi as a director and chairman of the company. Wang Dawei graduated from a postgraduate degree, worked in the National Economic Comprehensive Department (Information Department) and Office of Guangzhou Municipal Development and Reform Commission, once served as Deputy Director of the Regional Development Department of Guangzhou Municipal Development and Reform Commission, Deputy Director (Director level) of the Key Construction Project Work Office (Municipal Major Project Inspector Office), Chairman of Guangzhou Financial Holding Capital Management Co., Ltd., currently Secretary of the Party Committee and Chairman of Wanlian Securities, and Assistant to the General Manager of Guangzhou Financial Holding Group Co., Ltd.
On May 21, 10 days after the new chairman took office, Wanlian Securities issued a recruitment announcement to recruit two vice presidents globally to be in charge of wealth management and asset management due to business development needs.
After half a year, Wanlian Securities found a suitable candidate for vice president. On January 20, 2023, Wanlian Securities announced that Wei Zhimin was appointed as the company's vice president, and from the resume, Wei Zhimin is likely to be in charge of wealth management business. Wei Zhimin holds a master's degree and has nearly 30 years of experience in the securities industry, and before joining Wanlian Securities, he served as the general manager of the wealth management department and the interim head of the brokerage management department of Dongxing Securities.
Shareholder Guangzhou Financial Holdings plays a key role
Wanlian Securities is a wholly-owned state-owned enterprise in Guangzhou, registered in Guangzhou, with a registered capital of nearly 6 billion yuan. The predecessor of the company is Wanlian Securities Brokerage Co., Ltd., which was established in August 2001; On February 7, 2017, it was changed to a joint stock company as a whole.
In terms of shareholders, the controlling shareholder of Wanlian Securities is Guangzhou Financial Holdings, with a direct shareholding ratio of 49.10%; Guangzhou Financial Holdings also indirectly holds 26.89% of the shares of Wanlian Securities through Guangyong State-owned Assets, with a total shareholding ratio of 75.99%, so the actual controller of Wanlian Securities is Guangzhou State-owned Assets Supervision and Administration Commission. Over the years, whether it is supporting the capital increase or arranging the deployment of the senior management team, Guangzhou Financial Holdings has played a key role in the development of Wanlian Securities.
In terms of performance, since 2018, the performance of Wanlian Securities has maintained an increasing momentum year by year. Wind data shows that Wanlian Securities achieved revenue of 2.122 billion yuan in 2021, a year-on-year increase of 24.46%; The net profit attributable to the parent was 678 million yuan, a year-on-year increase of 11.48%.
While the intensive changes in senior management, after four years of preparation, the episode of the abrupt end of the IPO on the main board of Wanlian Securities also stirred the nerves of the industry. In March 2022, the official website of the China Securities Regulatory Commission showed that the review of the IPO on the main board of Wanlian Securities was terminated. The company said that the withdrawal of the A-share issuance application was mainly due to the adjustment of the company's strategic planning, and it would choose the opportunity to restart the IPO at a later stage.
Regarding the company's future development plan, Chairman Wang Dacheng once expressed his position after taking up his post, that is, adhering to the high station to serve Guangdong "creating a strategic fulcrum of a new development pattern", actively integrating into the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, deepening the strategic layout in the Greater Bay Area, focusing on the characteristics of the marine economy and smart economy in the Bay Area, financially empowering local high-end manufacturing and high-tech enterprises to achieve transformation, upgrading, innovation and development, and helping a large number of local enterprises enhance their capital strength through refinancing, corporate bond issuance, and listing on the New Third Board.
After a year, Wanlian Securities has not updated and disclosed more IPO progress, and it is still uncertain whether the road to listing in the future can be smoothly advanced.
Brokerages are thirsty for high-end talent
Executive changes have always been a hot topic in the securities industry, and the frequency of such adjustments has increased this year. According to previous statistics from CaiLian News Agency, in less than 3 months in 2023, at least 17 securities companies have changed their directors, supervisors and senior officers, including many "helmsers" such as the chairman and president of the company, as well as the core figures of various businesses such as chief information officers, chief risk officers, and financial leaders.
"Some people resign and return to their hometowns, and some people rush to the science field at night", on the one hand, the turnover of senior executives remains high, and on the other hand, the securities industry is also thirsty for high-end talents.
On March 17, Essence Securities issued a recruitment announcement for deputy general manager, who will be in charge of proprietary securities investment or asset management business after joining the company, mainly responsible for promoting the implementation of the development strategy and annual business plan of proprietary or asset management business, building relevant management systems and enhancing industry competitiveness. Correspondingly, Essence Securities has also given a commitment to provide market-competitive salaries.
On February 6, the official website of Huaan Securities announced an announcement on the selection of professional managers, selecting 1 general manager and 5 deputy general managers for the society. Among them, the general manager is responsible for the overall daily operation and management, and the vice president is in charge of the five major businesses of wealth management, investment banking, proprietary and derivatives, asset management and equity investment.
This article originated from CaiLian News Agency reporter Huang Jingsi
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