易方达基金董事会“换血”：12个月五董事更迭 万亿巨头治理结构或生变

Core Viewpoint - E Fund has undergone significant board changes, with over 50% of its directors replaced in the past 12 months, marking a new governance cycle for the company, which manages over 2 trillion yuan in assets [1][7]. Board Changes - The board has seen a high-frequency turnover, with five new directors appointed in a series of adjustments throughout the year [2][5]. - Key changes include the resignation of Chairman Zhan Yuyin and the appointment of new directors such as Kwan Guangxiong and Chen Yuan, reflecting a shift in governance dynamics [2][4]. Management Adjustments - The company has experienced a broader management reshuffle, with several senior executives, including the Chief Information Officer and multiple vice presidents, stepping down to focus on investment management [5][7]. - The new board composition includes individuals with strong ties to major shareholders, indicating increased shareholder influence in governance [4][10]. Business Performance - Despite the leadership changes, E Fund has shown robust growth, with total assets reaching 2.02 trillion yuan and non-monetary assets at 1.39 trillion yuan as of Q2 2025, maintaining its position as an industry leader [7]. - The company has also seen significant growth in new fund issuance and ETF scale, with new fund sizes exceeding 18.1 billion yuan and ETF growth of 73.2 billion yuan, ranking second in market increments [7][8]. Challenges Ahead - The new governance team faces challenges in maintaining research and investment advantages while navigating the competitive landscape and balancing international expansion with wealth management [10].