Group 1 - Allianz Fund's chairman, Wu Jiayao, has left the company after 15 months and will not take on another role within the firm, moving to UBS Asset Management as the head of the Asia-Pacific region [2][4] - Allianz Fund, established in August 2023, is a wholly foreign-owned public fund company, fully controlled by Allianz Global Investors GmbH, which is part of the largest insurance and asset management group in Europe [3] - Wu's departure comes at a critical time for Allianz Fund, which is in the early stages of its business, having launched its first public fund product in September 2024 and a bond fund in March 2025, both of which have not gained significant traction [3][6] Group 2 - The current general manager, Shen Liang, will serve as the acting chairman until a new chairman is appointed; he has over 20 years of experience in the financial industry [5] - As of June 30, 2025, Allianz Fund's total management scale is 685 million yuan, ranking 177th among 201 public fund institutions, indicating a position at the lower end of the industry [6] - The fund's equity product, Allianz China Selected Mixed A/C, has shown a return of approximately 18% over the past six months, while the fixed-income product, Allianz Anyu Bond A/C, has increased by 1.16% since its establishment [7][8] Group 3 - The public fund industry has seen significant executive turnover in 2023, with 253 changes reported, including 55 chairman changes across 32 fund companies, primarily among smaller institutions [9] - Frequent executive changes can impact a fund company's strategic direction and may lead to instability in existing product research and investment teams, potentially affecting performance [9]