Core Viewpoint - The appointment of Tao Geng as the new chairman of Guotai Junan Asset Management marks a significant leadership change as the company prepares for the merger of its asset management subsidiary with Haitong Asset Management following the successful completion of the Guotai Haitong Securities merger [1][5]. Group 1: Leadership Changes - Guotai Junan Asset Management announced the appointment of Tao Geng as chairman, replacing Xie Lebin, who is leaving due to work adjustments [2][3]. - Tao Geng holds multiple positions, including chairman and president of Guotai Junan Asset Management and chairman of Haitong Asset Management [1][3]. Group 2: Company Performance - As of December 31, 2024, Guotai Junan Asset Management managed assets totaling 588.43 billion yuan, reflecting a 6.5% increase from the previous year [4]. - The company reported a net profit of 337 million yuan and an operating income of 1.709 billion yuan for the year 2024 [4]. Group 3: Merger Progress - The merger of Guotai Junan and Haitong Securities has led to discussions about the integration of their asset management subsidiaries, which is currently in the early stages [5]. - Haitong Asset Management also announced a leadership change, with Tao Geng taking over as chairman, indicating a broader consolidation strategy within the sector [5].