Anxin Securities Feng Fuzhang and Zhongshan Securities Li Zhan joined China Merchants Fund #时报大视野 #

Securities Times reporter Fang Li

The flow of talents in the asset management industry continues, the attractiveness of public funds is increasing, and many senior figures in the securities industry have joined. Recently, the news that well-known military analyst Feng Fuzhang joined the China Merchants Fund has aroused concern in the industry. A person in the asset management industry said that in the era of large asset management, the development space for outstanding investment and research talents is getting bigger and bigger. Star analysts joining buyers are gradually becoming a popular option.

The reporter learned from the channel that Feng Fuzhang, the former deputy general manager of the Anxin Securities Research Center, who is known as the "military brother" in the field of securities companies, has decided to join the investment fund and serve as the company's research director.

According to public information, Feng Fuzhang, Ph.D. of the University of Science and Technology Beijing, entered the securities industry in 2008, has more than ten years of research experience in the machinery and military industry, and has served as the chief analyst of the military industry of citic construction investment research institute, the deputy general manager of anxin securities research center, the chief analyst of the military industry, and the leader of the equipment research team. During his stay at Essence Securities, in addition to managing the research team, Feng Fuzhang also assisted the general manager in charge of the personnel, assessment and business of the institute, and had rich management experience. With a thorough analysis of the military industry and an accurate grasp of key nodes, Feng Fuzhang won the first place in the New Fortune Military Industry Analyst Awards for seven consecutive years from 2014 to 2020.

In addition to Feng Fuzhang, Li Zhan, former chief economist of Zhongshan Securities, also recently joined China Merchants Fund as chief economist of the company's research department. Li Zhan has previously expressed many market views on behalf of China Merchants Fund.

In late February this year, Hu Yali, former director of Everbright Securities Research Institute, joined Dongfanghong Asset Management as the assistant general manager of the company and the general manager of the equity research department, and presided over the work of the equity research team. And Hu Yali is a well-known home appliance industry analyst in the industry.

A fund company person said that in recent years, the fund industry has developed rapidly, and the demand for investment and research talents is very strong, especially for some talents with in-depth research and resources, and the trend of talent changes from selling to buyers is accelerating.

"There are more and more examples of excellent investment research talents joining fund companies from sell-side institutions." A fund person in Shenzhen said that there are three main directions for the flow of seller talents, one is to switch tracks, from large platforms to small and medium-sized institutions, most of them are promoted to management posts; the second is to go to buyer institutions to invest; the third is to flow to well-known enterprises or independent entrepreneurship, with the help of personal resources and investment and research capabilities to build a new platform. In these directions, the franchise buyer is increasingly becoming a popular option.

"Researchers have developed solid fundamental analysis skills in their work, transformed buyers, and can provide tangible research results for new owners." Not only this year, but also, from a brokerage researcher to a fund company as a researcher, and finally to become a fund manager, is a very common career path. According to a brokerage source. However, he stressed that it is not easy to switch from the identity of the seller to the buyer. For many analysts or researchers, the pressure to create new positions and new perspectives is much greater than before when they join the buyer's camp.

From the statistics, it can be seen that there are many current fund managers with research backgrounds, and they are all taking the development path of "sell-side researcher- buyer researcher-fund manager".

Some insiders have analyzed that at present, the fund industry has entered the initial development stage, many companies are actively recruiting, enhancing their own investment and research strength, attaching importance to research and resource investment, and more and more fund companies are offering high salaries to attract talents. As a result, the flow of talent from seller to buyer is likely to continue.