Nan Fang Du Shi Bao·2025-06-19 23:10Core Viewpoint - The recent personnel changes within the "CMB system" reflect a trend of internal promotions and strategic alignment, emphasizing a unique management logic in human resources within the organization [8][14][15]. Group 1: Personnel Changes - Dong Fang has been appointed as the president of CMB Wealth Management, succeeding Zhong Wenyue, who has moved to become the general manager of CMB Fund [9]. - Both Dong Fang and Zhong Wenyue are seasoned professionals cultivated within the CMB system, with Dong having over 22 years of experience in various roles [9][10]. - CMB Wealth Management's assets under management are approximately 2.47 trillion, placing it among the leaders in the wealth management sector, although it faces pressures on scale and profitability [9]. Group 2: Management Philosophy - CMB's management approach favors internal talent development over external hires, creating a closed-loop system that combines long-termism with practical experience [14][15]. - The majority of CMB's senior management has over 20 years of experience within the bank, reinforcing organizational culture and reducing strategic volatility [15]. - The bank's leadership has a strong emphasis on cross-departmental and cross-regional experience, which is seen as essential for developing versatile management talent [16]. Group 3: Strategic Focus - CMB aims to promote a balanced development across its four major business segments, aligning with its "Value Bank" strategy, which emphasizes retail banking [17]. - The bank's leadership believes that maintaining a closed-loop talent ecosystem is crucial for sustaining its cultural identity and strategic continuity [16][17].