Less than a year after serving as president of the Agricultural Bank of China, Fu Wanjun's position changed again.
On December 26, Agricultural Bank of China (601288. SH) announced that due to work adjustments, Mr. Fu Wanjun requested to resign from the vice chairman, executive director, president and other related positions of the Agricultural Bank of China. At the same time, the board of directors of the Agricultural Bank of China passed a resolution to appoint Gu Shu, chairman of the board of directors of the Agricultural Bank of China, to perform the duties of president on his behalf.
After leaving ABC, Fu Wanjun's next stop has been determined. According to the website of the Ministry of Human Resources and Social Security on December 26, the State Council appointed and dismissed state workers and appointed Fu Wanjun as deputy director of the State Financial Supervision and Administration Bureau.
He used to work in Bank of Communications and Everbright Bank
According to the public resume, Fu Wanjun was born in March 1968, is 55 years old, a senior executive of Dalian University of Technology, a master of business administration, a senior economist, and has nearly 30 years of banking experience.
Prior to that, Fu Wanjun worked in Bank of Communications for nearly 26 years, successively serving as Assistant to the President and Vice President of Bank of Communications Urumqi Branch, President of Yinchuan Branch, President of Xinjiang Uygur Autonomous Region (Urumqi) Branch, President of Chongqing Branch, General Manager of Corporate and Institutional Business Department of Bank of Communications, and Business Director (Corporate and Institutional Business Segment) of Bank of Communications.
In March 2019, Fu Wanjun joined Everbright Group as Deputy General Manager of China Everbright Group Co., Ltd., and was appointed as Executive Director of China Everbright Group Co., Ltd. and Executive Director and President of China Everbright Bank in June 2021. In December 2022, Fu Wanjun resigned from his relevant position in Everbright Group and became the president of Agricultural Bank of China.
However, Fu Wanjun's tenure at ABC was not long. According to the announcement of the Agricultural Bank of China at the beginning of the year, Fu Wanjun's qualifications were approved by the former China Banking and Insurance Regulatory Commission, and he will serve as the vice chairman, executive director, and president of the bank from January 20, 2023. Based on this calculation, Fu Wanjun has been in office for less than a year.
The reporter of Nandu Bay Finance Society noticed that during Fu Wanjun's tenure as president, the operating performance of Agricultural Bank of China remained stable and the asset quality continued to improve. In the first three quarters of 2023, ABC achieved a net profit attributable to shareholders of the parent company of 207.356 billion yuan, a year-on-year increase of 4.97%, ranking first among the six major state-owned banks, and an operating income of 533.358 billion yuan, a slight decrease of 0.54% year-on-year. As of the end of the third quarter, the total assets of ABC reached 38.7 trillion yuan, surpassing CCB for the first time to rank second among the four major banks.
ABC stated in the announcement that during his tenure in the Bank, Mr. Fu Wanjun has fulfilled his duties, been pragmatic and enterprising, efficiently promoted the implementation of strategies, actively promoted the transformation and development of business operations, continued to strengthen risk compliance control, and achieved fruitful results, and the Board of Directors of the Bank expressed its heartfelt gratitude to Mr. Fu Wanjun for his outstanding contributions to the development of the Bank.
It is worth mentioning that on the same day as Fu Wanjun's resignation, Han Qiang, secretary of the board of directors and company secretary of the Agricultural Bank of China, also resigned from his position in the Agricultural Bank of China due to work adjustments. According to media reports, Han Qiang will go to the Shanghai branch of the Agricultural Bank of China to serve as party secretary and president.
According to the website of the Agricultural Bank of China, there are currently five vice presidents in the bank's senior management, namely Zhang Xuguang, Lin Li, Xu Han, Liu Jiawang, Liu Hong, and Wu Gang, chief risk officer.
He succeeded Cao Yu as deputy director of the State Administration of Financial Regulation
Fu Wanjun's next stop is the State Administration of Financial Supervision and Administration.
According to the website of the Ministry of Human Resources and Social Security on December 26, the State Council appointed and dismissed state workers and appointed Fu Wanjun as deputy director of the State Financial Supervision and Administration Bureau. The reporter noted that this is also the first high-level personnel change since the establishment of the State Administration of Financial Supervision in May this year.
Previously, on December 8, the website of the Ministry of Human Resources and Social Security announced that the State Council appointed and dismissed state workers and removed Cao Yu from his post as deputy director of the State Financial Supervision and Administration Bureau. According to public information, Cao Yu, who has reached the age of 60, was born in November 1963 and has served as the former vice chairman of the China Banking Regulatory Commission since 2014, and later as the former vice chairman of the China Banking and Insurance Regulatory Commission and the deputy director of the State Administration of Financial Regulation.
According to the Regulations on the Allocation of Functions, Internal Institutions and Staffing of the State Administration of Financial Regulation, the State Administration of Financial Supervision has 1 director and 4 deputy directors. After Fu Wanjun filled the position, the leadership team of the State Administration of Financial Supervision were: Li Yunze, Secretary of the Party Committee and Director of the Bureau, Zhou Liang, Member of the Party Committee and Deputy Director, Wang Lujin, Member of the Party Committee and Head of the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the State Supervision Commission in the State Financial Supervision and Administration Bureau, Xiao Yuanqi, Fu Wanjun, and Cong Cong, Members of the Party Committee and Deputy Directors of the Bureau.
Written by: Wang Wenyan, reporter of Nandu Bay Finance Society