On February 6, ICBC Credit Suisse Fund announced that Zhao Guicai, secretary of the party committee of the company, served as the chairman of the company and acted as general manager and legal representative.
According to the data, ICBC Credit Suisse is the first bank-affiliated fund company in China, founded in June 2005, and is one of the most comprehensive fund companies in the industry. At present, the total scale of the company's asset management has steadily increased to 1.46 trillion yuan, and at the end of 2020, the company's active equity fund ranked first among large and medium-sized fund companies with an average yield of 74.47%.
It is reported that at the end of last year, Zhao Guicai turned from the largest financial leasing company in China to the helm of the largest bank-affiliated fund company in China, and was officially appointed as the secretary of the party committee of the ICBC Credit Suisse Fund and presided over the work.
Zhao Guicai officially became the chairman of ICBC Credit Suisse Fund
On February 6, ICBC Credit Suisse Fund announced that in accordance with the Administrative Measures for the Appointment of Senior Managers in the Securities Investment Fund Industry and the Administrative Measures for the Disclosure of Information on Publicly Offered Securities Investment Funds, Zhao Guicai, Secretary of the Party Committee of the Company, served as the chairman of the board of directors of the company and acted as the general manager and legal representative. The above matters have been deliberated and approved by the board of directors of ICBC Credit Suisse Fund and have been reported to the regulatory authorities in accordance with the regulations.
According to public resumes, Zhao Guicai is also an elderly man of the "ICBC Department", he joined the Industrial and Commercial Bank of China in July 1990, and successively worked in the Commercial Credit Department, the Sales Department and the Second Department of the Company's Business of the Industrial and Commercial Bank of China, successively serving as deputy director, director and deputy general manager. From January 2013 to January 2016, he served as the executive director and general manager of ICBC Brazil, and from January 2016 to December 2020, he served as the party secretary, executive director and president of ICBC Leasing.
Zhao Guicai
As early as 2007, Zhao Guicai participated in and led the preparation of ICBC Leasing, and since 2016, Zhao Guicai has begun to serve as the president of ICBC Leasing. ICBC commented on him as "having rich experience in the financial industry and business management, and having a deep understanding and keen insight into the international financial market".
Subsequently, in December 2020, Zhao Guicai had turned from the largest financial leasing company in China to the helm of the largest bank-affiliated fund company in China, and was officially appointed as the party secretary of ICBC Credit Suisse Fund and presided over the work.
On January 16 this year, ICBC Credit Suisse Fund issued an announcement that Wang Hailu would no longer serve as general manager due to job transfer, and Zhu Biyan, the chief inspector, would serve as the chairman and general manager of the company. According to the announcement, Zhu Biyan, the chief inspector who served as the chairman and general manager of ICBC Credit Suisse Fund, is one of the few senior people in the industry with 24 years of experience in the financial industry. After completing the relevant procedures such as shareholders and supervision, Zhao Gui will officially serve as the chairman of ICBC Credit Suisse Fund.
ICBC has frequent personnel adjustments
According to reports, ICBC Credit Suisse Fund was established in June 2005 as a Sino-foreign joint venture fund company, of which Industrial and Commercial Bank of China Co., Ltd. holds 80% of the shares, and Credit Suisse First Boston holds 20% of the shares. According to the data, at the end of 2006, the second year of the establishment of ICBC Credit Suisse Fund, the scale of public funds has approached 30 billion yuan, ranking among the top ten in the industry; in the 8th year of its establishment, that is, at the end of 2012, the scale of public funds exceeded 100 billion yuan; in the 12th year of its establishment, that is, at the end of 2016, the total scale of assets under management exceeded one trillion yuan, becoming the largest Sino-foreign joint venture fund company in the industry with the largest public asset management scale, and also the largest bank-based fund company. At present, the total scale of the company's asset management has steadily increased to 1.46 trillion yuan, and at the end of 2020, the company's active equity fund ranked first among large and medium-sized fund companies with an average yield of 74.47%.
ICBC Credit Suisse Fund has long been helmed by the "ICBC System". As we all know, ICBC is known as the "cosmic bank" because of its many operating indicators that have long occupied the first place in the world's banks. Therefore, its business system and corporate governance have received great attention from the industry. Only from the perspective of ICBC's subsidiaries, personnel adjustments have been frequent in the past two years.
In April 2019, Chen Siqing, the former chairman of BOC, "took over the baton" Yi Huiman and took office as ICBC, and is currently the secretary of the party committee and chairman of ICBC. In December 2020, Gu Shu, the former president of ICBC, became the chairman of the ABC, becoming the youngest of the four state-owned banks. On the afternoon of January 28 this year, ICBC held a general meeting and announced that Liao Lin, vice president and chief risk officer of ICBC, was appointed deputy secretary of the party committee of ICBC, and after completing relevant procedures, he was officially appointed as the president of ICBC.
Wang Hailu, the former general manager of ICBC Credit Suisse Fund, is also an elderly member of the "ICBC Department", and has worked in the management information department, office and financial market department of the head office of ICBC since July 1997, and the deputy general manager of the financial market department of the head office of ICBC from September 2010 to January 2019. In January 2019, Wang Hailu joined the ICBC Credit Suisse Fund as the secretary of the party committee of the company; in May 2019, shang jun, the company's then chairman, left his post due to work needs, general manager Guo Tehua was transferred to chairman, and Wang Hailu took over as the general manager of the company.
On September 5, 2020, Guo Tehua, who had only been in office for one year and three months, left the chairman of the board due to "personal service", and Wang Hailu took over the heavy burden, at this time, she was already the party secretary, chairman (acting) and general manager of ICBC Credit Suisse Fund, and chairman of ICBC Credit Suisse Asset Management (International) Co., Ltd.
In December 2020, Li Chao, director of the Fixed Income Division of ICBC Wealth Management (former director of the Capital Division), and Yi Chongbin, director of the Trading Office (former deputy director of the Capital Division, later responsible for external access to the asset management ministry) were taken away by the Mentougou Procuratorate of Beijing Municipality, and the case stemmed from ICBC's internal report of external corruption.
In December 2020, due to the sudden departure of Gu Jiangang, chairman of ICBC Wealth Management, Wang Hailu was ordered to take over. Gu Jiangang will continue to serve as the general manager of the asset management department of ICBC Head Office, focusing on leading the asset management department of ICBC Head Office to strengthen the transformation and rectification of existing business.
Industry insiders believe that after 15 years of deep accumulation, ICBC Credit Suisse Fund's corporate governance, investment operation, risk control, talent team and other aspects have been very mature, and reached the industry-leading level, and the change of executives is not expected to have an impact on the company's operations.