Another investment bank big guy personnel change! Bid farewell to this brokerage, has been serving for 15 years, where to go next?

There are also changes in brokerage executives.

On October 29, Guohai Securities announced that Vice President Yan Wenbo resigned. It is understood that Yan Wenbo has been working in Guohai Securities for 15 years and has been engaged in investment banking and management for a long time.

Yan Wenbo's last public appearance as vice president of Guohai Securities was the special session on investment banking transformation practice and thinking under the registration system era of the China Securities Investment Bank Summit Forum hosted by Securities Times on October 28.

A person close to Yan Wenbo said that it continues to emphasize the improvement of industry and regional comprehensive service capabilities in Guohai Securities and create high-quality benchmarking projects. At present, Guohai Securities Investment Bank has initially created certain business characteristics in key industries such as high-end equipment manufacturing, intelligent manufacturing, energy conservation and environmental protection, and military industry.

According to people familiar with the matter, Yan Wenbo will also be active in the securities field, or take a more important position in a securities company.

Vice President of Guohai Securities resigned

On October 29, the board of directors of Guohai Securities announced that on the 28th, the company's board of directors received a written resignation application from vice president Yan Wenbo. Due to personal reasons, Yan Wenbo applied for resignation. After resigning, Yan Wenbo will not hold any position in the company.

According to the reporter's understanding, Yan Wenbo's resignation this time is also for personal development and career planning considerations. In the announcement, Guohai Securities also thanked Yan Wenbo for his work during his tenure.

According to his resume, Yan Wenbo was born in 1974 and has been engaged in securities work for 23 years, and is an "old man" in the securities industry. He joined Guohai Securities in June 2006 and has been serving Guohai Securities for 15 years. It is understood that in August 2011, Yan Wenbo began to serve as the vice president of Guohai Securities, mainly in charge of the investment banking sector, and he is also a member of the Investment Banking Professional Committee of the Securities Association of China.

Since October 2017, Yan Wenbo has also served as the general manager of Guohai Securities Shenzhen Branch, since March 2015, he has also served as a director of Guohai Franklin Fund, and since October 2017, he has also served as a director of Guohai Franklin Asset Management (Shanghai) Co., Ltd.

People familiar with Yan Wenbo said that Yan Wenbo has a gentle and elegant personality, has a sense of responsibility and responsibility, is conscientious and diligent in work, is easy-going, and has a harmonious relationship with colleagues.

Continue to explore the road of boutique brokers

For Yan Wenbo's next stop, a person familiar with the matter revealed to the Chinese reporter of the securities company that he is still active in the securities field or holds a more important position in a securities company.

Yan Wenbo, who has rich management experience in small and medium-sized securities companies, is worth looking forward to in the future what new business methods will be played in new securities companies.

With the intensification of the Matthew effect in the securities industry, it is particularly urgent for small and medium-sized securities companies to explore the road of professional and distinctive boutique securities companies.

It is understood that since Yan Wenbo took charge of the investment banking business of Guohai Securities in 2009, he has advocated the strategy of "basing on regional development and building a characteristic investment bank".

The above-mentioned people familiar with Yan Wenbo said that Yan Wenbo has always emphasized the role of equity and debt linkage in Guohai Securities, strengthening industrial diversion, providing comprehensive financial services for regional industrial transformation and upgrading, building differentiated competition, and building a high-quality investment bank. According to data from the Securities Industry Association, Guohai Securities' investment banking business revenue has continued to grow in the past three years (2018-2020), which is 262 million yuan, 358 million yuan and 422 million yuan.

Under his leadership, Guohai Securities focused on deepening key industries with "hard technology" content such as high-end equipment manufacturing, new energy, and military industry, strengthened coordination with external industry investment funds, and internally borrowed resources such as research institutes and sales departments to explore ways to increase project reserves.

At the same time, in his view, Guohai Securities should seize the opportunity of explosive growth after the implementation of the corporate bond registration system, deeply cultivate Guangxi, Jiangsu, Shandong, Hunan and other key areas, accelerate the layout, enhance project reserves, and enhance the market share of key areas.

Overall, Guohai Securities provides customers with comprehensive financial services by concentrating corporate resources, creating high-quality benchmarking projects in the industry and region, and enhancing the influence of the industry and the region.

Three quarterly reports are out

As the time entered the end of October, a number of securities companies intensively disclosed three quarterly reports. On the evening of October 28, Guohai Securities released three quarterly reports, compared with the same period last year, the company's performance declined.

It is understood that the operating income of Guohai Securities in the first three quarters of 2021 was 3.940 billion yuan, an increase of 8.09% year-on-year; but the non-net profit was 773 million yuan, down 15.43% year-on-year.

As of the end of the third quarter, the total assets of Guohai Securities were 62.709 billion yuan, down 13.57% year-on-year, and the net assets were 18.562 billion yuan, an increase of 0.44% year-on-year.

From the performance of various business segments, proprietary business is the largest source of income, with investment income of 1.203 billion yuan in the first three quarters, down 2.83% year-on-year; fair value change income of 275 million yuan, a sharp increase of 143% compared with the same period last year.

In other business segments, the net fee income of brokerage business was 523 million yuan, down 15.51% year-on-year. Net fee income from investment banking business was RMB233 million, down 22.33% from the same period last year. The net fee income of asset management business was 164 million yuan, a decrease of 31.38% year-on-year.

Editor-in-charge: Wang Yunpeng