【导读】2025年公募行业高管变更创历史纪录，基金公司高频"换帅" 刚刚过去的2025年，公募基金行业管理层变更依旧处于高频状态。全年高级管理人员累计变更462人 次，涉及162家基金管理人，两项数据双双创历史新高。 作为基金公司"掌舵人"的董事长和总经理两个核心职位变动处于历史高位，董事长变更数创出新高。 与往年相比，除了中小型公募高管变更仍占据绝大多数，2025年基金公司"换帅"呈现三大特点：频率高 范围广、行业元老迎"退休潮"、新战略由"重量"转向"重质"。 462人次！ 公募行业高管变更创纪录 行业核心高管迎来"退休潮" 2025年基金公司核心管理层变动涉及多方面原因，包括股东战略调整、个人职业发展、到龄退休等。 2025年公募基金行业经历显著的新老交替，核心高管迎来"退休潮"。 随着2025年谢幕，公募行业过去一年的管理层变更情况揭晓。 统计显示，2025年，公募行业高级管理人员变更462人次，涉及162家基金管理人，无论是变动数量还是 覆盖范围均创历史新高。 从全行业来看，作为公司"掌舵人"，基金管理人董事长和总经理两个核心职位的变动备受关注。 数据显示，2025年，董事长变动116人次（含代董事 ...

【导读】2025年公募行业高管变更创历史纪录，基金公司高频"换帅" 中国基金报记者 孙晓辉 刚刚过去的2025年，公募基金行业管理层变更依旧处于高频状态。全年高级管理人员累计变 更462人次，涉及162家基金管理人，两项数据双双创历史新高。 作为基金公司"掌舵人"的董事长和总经理两个核心职位变动处于历史高位，董事长变更数创 出新高。 与往年相比，除了中小型公募高管变更仍占据绝大多数，2025年基金公司"换帅"呈现三大特 点：频率高范围广、行业元老迎"退休潮"、新战略由"重量"转向"重质"。 从全行业来看，作为公司"掌舵人"，基金管理人董事长和总经理两个核心职位的变动备受关 注。 数据显示，2025年，董事长变动116人次（含代董事长），涉及基金管理人家数为55家，变 动频率和覆盖范围均创历史新高。其中，离任为62人次，新上任为54人次；同期总经理变动 94人次（含代董事长），涉及45家基金管理人，同样处于历史高位水平。其中，离任达到50 人次，新上任为44人次。 整体而言，2025年超过四成公募基金管理人（79家）发生了董事长或总经理级别的变动。其 中，易方达、招商、兴证全球、兴银、中加、信达澳亚等更是出现董 ...

Core Viewpoint - The recent appointment of Fang Jing as the new General Manager of Xinda Australia Fund marks the beginning of a new leadership era for the company, which manages over 110 billion yuan in assets and ranks 56th in the industry [1][8]. Company Overview - Xinda Australia Fund was established on June 5, 2006, with a registered capital of 100 million yuan, headquartered in Shenzhen, China. It is a joint venture between China Xinda Asset Management Co., Ltd. and the Australian Commonwealth Bank, being the first Australian joint venture fund management company in China [6][12]. - As of the end of Q3 2025, the fund's total assets under management reached 110.043 billion yuan, ranking 56th among 162 peers. The non-monetary fund management scale exceeds 64.3 billion yuan, with equity funds exceeding 43.7 billion yuan and bond funds over 20 billion yuan [5][12]. Leadership Transition - Fang Jing, previously the Deputy General Manager, will officially assume the role of General Manager on December 5, 2025, following a period of acting as General Manager since September 2025 [1][4]. - Fang Jing has extensive experience in the asset management industry, having worked in various financial sectors including insurance, banking, securities, and fund management. His career includes positions at China Life Asset Management, China Minsheng Bank, CITIC Securities, and others [5][11]. - The company recently underwent significant leadership changes, with the former General Manager Zhu Yongqiang retiring on September 5, 2025, and the former Chairman Zhu Ruimin also stepping down in August 2025 [12][13]. Industry Context - The public fund industry has seen a high frequency of executive changes this year, with 431 instances of management changes reported, including 103 chairpersons and 79 general managers [7][13]. - Many fund companies are opting for internal promotions to maintain strategic continuity and stability amid new opportunities and challenges in the public fund sector [7][13].

Core Viewpoint - Fang Jing has officially taken over as the General Manager of Xinda Australia Fund, marking the end of the interim period and bringing a wealth of experience to the role [2][5][6]. Group 1: Appointment Details - Fang Jing officially assumed the position of General Manager on December 5, 2025, after serving in an interim capacity since September 5, 2025 [2][6]. - His previous roles include positions at China Life Asset Management, China Minsheng Bank, CITIC Securities, and others, showcasing a diverse background in financial institutions [3][4][6]. Group 2: Industry Context - The public fund industry has seen significant changes in leadership, with 431 executive changes reported in 2025, including 79 General Manager transitions [9]. - The trend indicates a generational shift, with many long-serving executives retiring or being reassigned, which may reshape the industry landscape [11][12]. Group 3: Company Strategy - Xinda Australia Fund is transitioning from a "scale-driven" model to a "quality-driven" approach, focusing on product innovation, research upgrades, and governance optimization [6][7]. - The fund has a strong emphasis on technology and growth stocks, with five equity products achieving over 80% returns in the past year, particularly in sectors like technology, manufacturing, and new energy [7]. Group 4: Leadership Development - The appointment of Fang Jing reflects a trend of promoting from within, ensuring continuity in strategic planning and enhancing resource integration capabilities [12].

Core Viewpoint - Fang Jing has officially taken over as the General Manager of Xinda Australia Fund, marking the end of the interim period and signaling a new leadership phase for the company [2][6]. Group 1: Leadership Transition - Fang Jing's appointment as General Manager was anticipated, as he had been acting in this role since September 5, 2025, and was officially confirmed on December 5, 2025 [2][6]. - Fang Jing has a diverse background in the financial sector, having worked in various roles across insurance, banking, securities, and fund management, which positions him well to lead the company [5][7]. - The company has undergone significant leadership changes in the public fund industry, with 431 executive changes reported in 2025, including 79 General Manager transitions [10][11]. Group 2: Company Background and Performance - Xinda Australia Fund was established on June 5, 2006, and is the first fund management company in China controlled by a state-owned asset management company, now under the actual control of Central Huijin [8]. - As of the end of Q3 2025, Xinda Australia Fund's public fund management scale reached 110 billion yuan [9]. - The company is transitioning from a "scale-driven" to a "quality-driven" approach, focusing on product innovation, research upgrades, and governance optimization [7]. Group 3: Market Position and Strategy - The technology sector has been a focal point for Xinda Australia Fund, with a consistent investment strategy in technology growth stocks, yielding significant returns [7]. - Recent data indicates that five equity products under Xinda Australia Fund achieved over 80% return in the past year, emphasizing their focus on technology, manufacturing, and new energy sectors [7].

Core Viewpoint - The announcement of senior management changes at ICBC Credit Suisse Asset Management indicates a strategic move to strengthen leadership with experienced professionals in the asset management sector [2][5]. Group 1: Management Changes - Yang Fan will assume the role of General Manager starting November 21, 2025, while Zhang Hwa will become the Deputy General Manager on the same date [2][4]. - Both Yang Fan and Zhang Hwa have extensive backgrounds in asset management and financial markets, having worked at ICBC since 2005 [5]. Group 2: Company Performance - As of September 2025, ICBC Credit Suisse Asset Management's total management scale reached 2.3 trillion yuan, showcasing significant growth [5]. - The company has ranked among the top three in absolute returns over the past seven, five, and three years in the large-cap equity category, with excess returns ranking second, third, and second respectively [5]. Group 3: Industry Context - The public fund industry is experiencing a wave of high-level management changes, with 374 instances of executive turnover reported in 2025 alone [8]. - This trend reflects a natural transition in the industry as it matures, with new talent from various financial sectors contributing positively to the development of the fund industry [8].

Core Viewpoint - The article discusses the leadership transition at Bosera Asset Management, with Zhang Dong officially taking over as chairman following Jiang Xiangyang's resignation after over a decade in the role. This change is part of a broader trend of frequent leadership changes in the public fund industry. Group 1: Leadership Change - Jiang Xiangyang resigned as chairman of Bosera Asset Management on October 15, 2025, due to work arrangements, and Zhang Dong has been appointed as the new chairman while also serving as the general manager [2][4][9]. - Jiang Xiangyang has been with Bosera for over ten years, having served as general manager and chairman, and will now take on a new role at China Merchants Jinling Leasing Co., Ltd. [5][6]. - Zhang Dong has extensive experience in the financial sector, having worked for nearly 36 years, including 31 years at China Merchants Bank, and has been the general manager of Bosera for over a year [10][11]. Group 2: Company Performance - Under Jiang Xiangyang's leadership, Bosera's public fund management scale grew from 1,324 billion yuan in mid-2015 to 1.19 trillion yuan, ranking 8th in the industry [6][7]. - The company has maintained a strong position in the bond fund market, with a bond fund scale of 4,601 billion yuan, the largest in the market [6]. - In the first half of 2025, Bosera achieved an operating income of 2.356 billion yuan and a net profit of 763 million yuan, indicating stable growth [11]. Group 3: Industry Context - The public fund industry has seen significant leadership changes, with 313 high-level personnel changes reported in 2025, including 76 chairpersons and 61 general managers [13][14]. - The article highlights a trend of frequent changes in leadership roles within the public fund sector, driven by factors such as retirement and personal reasons [12][15].

Group 1 - The recent leadership change at Huabao Fund marks a significant shift in the public fund industry, with Huang Kongwei stepping down as chairman due to age-related reasons, and Xia Xuesong, former chairman of Baoxin Software, taking over [1][4][3] - Huang Kongwei served as chairman of Huabao Fund for over three years, during which the company managed 153 public fund products with a total asset management scale of 355.7 billion yuan, positioning it in the upper-middle tier of the industry [2][3] - Under Huang's leadership, Huabao Fund achieved notable growth in its ETP business, with its equity ETFs surpassing 100 billion yuan in total assets by July 2025, entering the "100 billion equity ETF club" [2] Group 2 - The public fund industry has seen a high frequency of executive changes this year, with 109 fund companies experiencing management changes, including 31 chairperson transitions [6][8] - The trend of executive turnover is attributed to factors such as mandatory retirement, strategic adjustments by shareholders, and administrative reshuffles within the industry [8]

Core Viewpoint - The public fund industry is experiencing frequent changes in senior management, with another major fund company undergoing a chairman transition [1][7]. Group 1: Chairman Transition - Huang Kongwei has resigned as chairman of Huabao Fund due to "age-related reasons," with Xia Xuesong, former chairman of Baoxin Software, taking over [2][5]. - Huang Kongwei served as chairman for over three years, during which Huabao Fund managed 153 public fund products with a total asset management scale of 355.7 billion yuan, maintaining a strong position in the industry [3][4]. - Under Huang's leadership, Huabao Fund achieved significant growth in its ETP business, with its equity ETFs surpassing 100 billion yuan in total assets by July 2025 [3]. Group 2: New Leadership Direction - Xia Xuesong aims to enhance the operational efficiency of Huabao Fund by implementing performance-driven strategies and optimizing management processes [6]. - The company plans to balance innovation with compliance, focusing on expanding its existing product lines while introducing new offerings such as thematic ETFs and fixed-income products [6]. Group 3: Industry Trends - In 2023, there have been 109 changes in senior management across the public fund industry, with 31 chairmen changing positions [7][9]. - The high turnover is attributed to factors such as mandatory retirement, strategic adjustments by shareholders, and administrative changes [9].