"Trust Department" public offering Tianzhi Fund ushered in a new general manager.
On December 18, Tianzhi Fund announced the change of senior management personnel of the company, and Xu Jiahan, deputy general manager of the company, was transferred to the general manager and financial officer, and the new Zhao Zhong was the chief information officer. Since December 16, Chairman Ma Tiegang will no longer perform the duties of general manager, financial officer and chief information officer.
In June this year, Xu Kelei, general manager of Tianzhi Fund, announced his departure for personal reasons and was replaced by Chairman Ma Tiegang. The reporter noted that in early December, Tianzhi Fund also selected the general manager of the company in the market, and in only two weeks, the position was finally settled in the form of internal promotion.
From the past experience, Xu Jiahan is a typical path from investment and research personnel to senior executives. In September 2007, he joined Tianzhi Fund and was promoted from investment director to deputy general manager of the company in March this year. In other words, Xu Jiahan was just promoted to the company's senior management at the beginning of the year, and at the end of the year, he was "transferred from vice to normal" and achieved "two consecutive jumps" within the year.
The "veteran" was promoted to general manager
On December 18, Tianzhi Fund announced that Xu Jiahan, deputy general manager of the company, was promoted to general manager and head of finance. Public information shows that Xu Jiahan has been a "veteran" in the Tianzhi Fund for 16 years.
Personal resume shows that from July 2005 to September 2007, Xu Jiahan worked in Jilin Provincial Trust Co., LTD., as a staff member of the self-financing department; Since September 2007, I have been working in Tianzhi Fund, successively serving as trader, Assistant Director of Trading Department, Deputy director of Trading Department, director of Trading Department, fund manager, Director of equity investment Department and investment director. In March 2023, I became the new deputy general manager of the company.
Wind data show that Xu Jiahan is a double bachelor of economics and literature, and the investment manager's life span is 8.55 years. Currently in the management of a total of 4 products, the management scale of a total of 395 million yuan. From the perspective of investment performance, Tianzhi Low Carbon Economy Fund, which has been under management for the longest time, has achieved a return of 74.68% and an annualized return of 12.32% since serving as fund manager on February 28, 2019, ranking 300th among 1,719 similar funds. However, the other three products it began to manage in 2022 and 2023 all had negative returns, among which Tianzhi Quantitative Core Select A, which took over in August 2023, performed relatively worst, with a return of -11.19%, ranking 1594 among 3891 similar funds.
It is worth mentioning that in early December, Tianzhi Fund shares Eastern Jilin Trust also issued a recruitment announcement for the market selection of Tianzhi Fund general manager, and the more "rigid" requirements in the job conditions include: age 50 years old (born on January 1, 1974 and later); Education background in economics, finance, management, master degree or above.
In addition, the employment conditions especially put forward the requirements of work experience, requiring more than 10 years of relevant work experience in financial institutions, strong professional quality and enterprise governance ability, outstanding business performance, and have a certain influence in the fund field. Have the position of deputy general manager of a public fund company or equivalent management experience, engaged in investment research, market operation is preferred. The recruitment announcement also said that the conditions can be moderately relaxed.
Scale is less than "10 billion"
Public information shows that Tianzhi Fund was established in May 2003, by Jilin Province Trust Co., LTD., China Jilin Forest Industry Group Co., LTD., Jilin City State-owned Assets Management Co., LTD. Three shareholders jointly funded the establishment, the proportion of shareholders were 48.75%, 38.75%, 12.50%. The registered capital of the company is 160 million RMB and the place of registration is Shanghai.
As a "husband fundraising" established for 20 years, Tianzhi Fund is still a small public fundraising with a scale of less than 10 billion yuan. Wind data show that as of the end of the third quarter of this year, Tianzhi Fund's public offering management scale is only 7.747 billion yuan, ranking 132nd in the industry, of which bond funds account for 85%.
In comparison, public information shows that there are 11 fund managers established in the same year with Tianzhi Fund, such as Guangfa Fund, Xingxin Global Fund and Invesco Great Wall Fund. As of the end of the third quarter of this year, GF Fund has been a head company with a scale exceeding "trillion", and the public offering management scale of Invesco Great Wall Fund and Xingxin Global Fund is also above 500 billion yuan.
For the company how to develop breakthrough, Xu Jiahan said in an interview with the media: "Compared with large companies, our personnel are limited, but through reasonable arrangements can also achieve the effect of 1+1 > 2." He further said that the investment and research system of Tianzhi Fund is committed to creating a small and beautiful "boutique supermarket". In Xu Jiahan's view, in the face of the increasing head effect of the industry, Tianzhi Fund should highlight the tight, not only needs to keep the investment research team surprisingly, play the characteristics of expected poor research, but also needs to highlight the timing characteristics of buyer research, give members enough incentives, and strive to enhance the competitiveness of investment research.
