官宣！王建华离任！信达澳亚一年六位高管变动，千亿规模治理迷局待解

Core Viewpoint - The resignation of Wang Jianhua, the Deputy General Manager of Xinda Australia Fund, highlights ongoing management instability and strategic adjustments within the company, marking the fifth departure of a deputy general manager in the past year [1][4][12] Management Changes - Wang Jianhua resigned for personal reasons, effective July 28, 2025, after serving as Deputy General Manager for 4 years and 121 days [1][3] - His departure is part of a broader trend of high-level management changes at Xinda Australia Fund, with six executives leaving in the past year, indicating a shift towards a "de-administrative" structure in the investment research team [4][6] Performance and Challenges - Wang's tenure saw poor performance in the funds he managed, with total returns of -20.31% and -33.26% for specific mixed-asset products, ranking in the bottom 10% of similar products [4] - The company has faced significant challenges, including a 25.05% reduction in asset size from 1,374.51 billion to 1,030.1 billion, primarily due to a high reliance on money market funds [7][9] Governance and Financial Performance - The governance structure is under scrutiny following the transfer of control to Central Huijin, which may lead to strategic changes [9] - The company's net profit dropped over 50% from 2.13 billion in 2022 to 1.01 billion in 2024, despite an increase in asset size, indicating a contradiction between growth and profitability [9][10] Industry Context - The trend of high executive turnover is not unique to Xinda Australia Fund, as other firms in the industry are also experiencing similar shifts towards a focus on investment research rather than administrative roles [11] - The company’s average tenure for fund managers is 4.5 years, below the industry average, reflecting ongoing adjustments in talent management [11]