知名外资基金，董事长变更！

Core Viewpoint - The recent leadership change at Allianz Fund reflects a broader trend of high-level personnel shifts within foreign asset management firms in China, indicating both competitive pressures and strategic adjustments in local and global operations [3][10]. Group 1: Leadership Changes - Allianz Fund announced the resignation of Chairman Wu Jiayao due to personal reasons, with General Manager Shen Liang temporarily assuming the chairman role [5][6]. - Shen Liang has extensive experience in the financial sector, having held various senior positions at companies such as Morgan Stanley and Prudential [7]. - Wu Jiayao will join UBS as the head of asset management for the Asia-Pacific region starting October 1, 2025 [9]. Group 2: Industry Context - There have been multiple leadership changes among foreign asset management firms in China this year, including BlackRock, Fidelity, Manulife, and Morgan Stanley, highlighting a trend of high executive turnover [3][12]. - The frequent personnel changes are attributed to the challenges foreign firms face in the Chinese market, necessitating adjustments in management to optimize team structures [12]. - Industry insiders suggest that the ability of new management teams to find differentiated positioning in areas like technology, retirement, and ESG will be crucial for future success [12].