According to a number of market insiders, Mo Taishan will return his equity in chongyang investment to Qiu Guogen, the founder of chongyang investment, and Wang Qing, the former executive director of CICC's investment banking department, will take over as the president of chongyang investment.
It's only been two and a half years since Motaishan became the president of Chongyang Investment. 20 10 On September 28th, Bank of Communications Schroeder Fund announced that Mo Taishan, the general manager of the company, had officially left his post. Shortly after that, Mo Taishan entered chongyang investment as the president, which was the highest-ranking and most influential transfer in Public Offering of Fund at that time.
During their two and a half years in chongyang investment, Mo Taishan and Qiu Guogen together expanded the scale of chongyang investment's assets under management to10 billion yuan, and chongyang investment became the largest sunshine private equity institution in China.
Mo Taishan chose the opportunity to start a business, just as the new fund law will be officially implemented on June 1 this year. In the future, private equity funds will be protected by law, and private equity funds can issue public offerings after meeting the conditions.
With the implementation of the new Fund Law, the general managers of many domestic Public Offering of Fund companies have been waiting for opportunities to switch to private placement, including several large fund companies in Beijing and Shanghai. A fund company executive said: "This is an era suitable for (private placement) entrepreneurship."
The answer will be revealed next week.
Regarding the news that Mo Taishan left his job to start a business, Mo Taishan said in a telephone interview with the Morning Post reporter yesterday that it was not convenient to say more about it. He just said, "The answer will be revealed next week."
The relevant person in charge of chongyang investment confirmed the relevant news. The person in charge said: "2065438+June 2003, chongyang investment received the resignation request of President Mo Taishan. Mo Taishan will leave his post in the near future to practice his career plan of starting a business. We deeply understand and respect his choice and wish him success in his career. "
According to the data, Mo Taishan, aged 4 1, holds a bachelor's degree from China Renmin University and a master's degree in graduate department from China People's Bank. He has served as Deputy Director of the Fund Supervision Department of China Securities Regulatory Commission, Secretary to the Chairman of the General Office and Director of the Fund Supervision Department.
In 2005, Bank of Communications Schroeder Fund Management Co., Ltd. (hereinafter referred to as Bank of Communications Schroeder) was established, and the securities regulatory official Mo Taishan became the first batch of entrepreneurial veterans of Bank of Communications Schroeder, serving as the company's deputy general manager, in charge of sales and marketing. Two and a half years later, Mo Taishan was promoted to General Manager of Bank of Communications Schroeder.
According to statistics, at the end of 2007, when Mo Taishan took over as the general manager of Bank of Communications Schroeder, the asset management scale of Bank of Communications Schroeder ranked 23rd. By the end of 2008, the industry ranking of Bank of Communications Schroeder rose to 12. In 2009, Bank of Communications Schroeder managed assets of 92.39 billion yuan, ranking ninth, and quickly squeezed into the top 10.
At the end of 20 10, Mo Taishan joined the private equity industry and became a senior partner of chongyang investment.
According to the information held by the Morning Post reporter, at the end of 20 10, chongyang investment managed assets of about 4 billion yuan. According to chongyang investment official website, as of 20 1 1, 12 and 3 1, the total asset management scale in chongyang investment exceeded 7 billion yuan.
Informed sources told the Morning Post reporter that as early as the end of 20 1 1, the assets under management in chongyang investment were close to 100 billion yuan, and it is estimated that the current scale is still around 100 billion yuan.
Mo Taishan will withdraw his shares and leave.
Before Mo Taishan left his post, chongyang investment had only two senior partners, and the other senior partner was Qiu Guogen, the founder of chongyang investment.
According to the data, Qiu Guogen, 44, is currently the chairman of chongyang investment and holds a master's degree in economics from Renmin University of China. After graduation, he joined the investment management organization under the former Junan Securities, 1996 started professional investment, and on 200 1 founded Shanghai chongyang investment Co., Ltd.
In July 2009, Li Xuli, a star fund manager, cooperated with Qiu Guogen, an alumnus, to set up the New chongyang investment on the platform of Shanghai chongyang investment Co., Ltd. ..
122, Li Xuli withdrew his shares and left chongyang investment. Shortly afterwards, Mo Taishan entered chongyang investment. In addition to managing the market and sales, Mo Taishan also served as the vice chairman of the decision-making committee of chongyang investment.
In chongyang investment for more than two years, Mo Taishan once talked about his understanding of the market in some public places. In mid-October, 2065438+01010, Mo Taishan published "Value investors have no reason not to sell" in the media, saying that the European debt crisis will be turbulent for peace, and the overall profit growth rate of A-share listed companies will slow down simultaneously, but the market will rebound after oversold, and it is estimated that the stock index will be flat for quite some time. The above viewpoint was confirmed in 20 12.
At the end of last year, Mo Taishan issued a document looking forward to the 20 13 macro economy, saying that it is necessary to observe unexpected variables that may occur at the macro and policy levels. For example, whether the infrastructure investment will be further accelerated with the new government taking office, and said that we should pay attention to how to implement and implement the "appropriately expanding the total scale of social financing". "If the above aspects exceed expectations, it will bring more optimism to the short-term market, but we should also pay attention to whether it will accumulate more long-term problems."
Mo Taishan said in the article, "With the final stabilization of the economy and the confidence conveyed by the new leaders, the A-share market has ushered in a long-lost rebound, which may be a better profit window in the coming year."
The market situation in the first quarter of this year proved its short-term optimistic judgment on the market, and the market sentiment that began to appear in the second quarter also reflected the current market's concerns about long-term social problems.
It is reported that after leaving chongyang investment, Mo Taishan will take back his shares in chongyang investment. At present, there is no public information about Mo Taishan's shareholding ratio in chongyang investment. But people familiar with the matter said that it is expected to be around 25%. Mo Taishan is gone, this time it's true!
From the rumors of Public Offering of Fund in the industry at the beginning of the year to the announcement on the website of Bank of Communications Schroeder Fund Management Co., Ltd. (hereinafter referred to as "Bank of Communications Schroeder") on September 29th, the resignation of Mo Taishan, the former general manager of Bank of Communications Schroeder, was finally finalized. Perhaps Mo Taishan, who has been silent for a long time, can finally breathe a sigh of relief: farewell, public sacrifice!
Farewell, public sacrifice!
Among the heads of many fund companies, Mo Taishan belongs to a relatively straightforward category. At the beginning of the year, the news came out that he would leave Bank of Communications Schroeder. When the reporter of "China Business News" communicated with him by telephone, he said, "It is only a rumor at present, and there is no final decision to stay." At that time, Bank of Communications Schroeder firmly denied it.
Mo Taishan has a more unique experience than the general manager of a fund company. He used to be an official of China Securities Regulatory Commission, deputy director of the fund supervision department of China Securities Regulatory Commission, secretary to the chairman of the general office and director of the fund supervision department. In 2005, he joined Bank of Communications Schroeder as deputy general manager, and in 2008, he was officially promoted to director and general manager. In just two years, he once took the scale of Bank of Communications Schroeder to the top ten in the industry.
Obviously, Bank of Communications Schroeder's Motaishan "era" was successful. But from another perspective, it is hard for Mo Taishan to say "success". Previously, the management of Bank of Communications Schroeder, with Mo Taishan and others as the main body, proposed a 25% equity incentive plan, including management and business elites, but it was opposed by shareholders and failed to pass.
Despite the failure of the equity incentive plan, Mo Taishan managed to take out 65,438+05% profit as an incentive policy every year, and it increased year by year. "After Mr. Mo came, the salary level of Bank of Communications Schroeder was significantly improved, and the employees' work enthusiasm was very high. We all know that it is not easy to talk to shareholders. After all, it is very difficult to talk about this issue, "Schroeder, a former employee of Bank of Communications, said in an interview. Mo is always considerate of his employees, because he knows that without a good incentive mechanism, brain drain will become inevitable. "
Some insiders pointed out that Mo Taishan's efforts have achieved certain results, but perhaps it was the shareholders' opposition to the incentive mechanism that made him quit. At the end of 2009, the Oolong incident of BOCOM SSE 180 corporate governance ETF redemption list was generally considered as the fuse. In August this year, the news about Mo Taishan's departure in the industry became popular again, and Bank of Communications Schroeder continued to firmly deny it. At this time, Mo Taishan chose silence. Perhaps, at this moment, everything has been doomed.
Join Chongyang?
On September 29th, a paper announcement by Bank of Communications Schroeder finally confirmed the news of Mo Taishan's departure. At this time, people's eyes seemed to focus on the whereabouts of Mo Taishan in an instant.
Join Chongyang (chongyang investment Management Co., Ltd., the same below). Ever since the rumor of Mo Taishan's departure came out, the news has been with him. Judging from the information that the reporter learned from all parties, the news is not far from the final confirmation. It is reported that Mo Taishan will join Chongyang as the third partner. Since 2009, Chongyang has been operating as a partner. The first two partners are Qiu Guogen and Li Xuli, with Qiu Guogen as the chairman and Li Xuli, former investment director of Bank of Communications Schroeder as the chief investment officer. It is worth noting that before this, Shen Bin, the former sales director of Bank of Communications Schroeder, had already left his post in advance and went to chongyang investment to take charge of sales.
Can I buy it on the same day?