Tian Guoli Will Be General Manager Of CITIC Group.
According to authoritative sources, there will be major changes in CITIC Group's top management. Tian Guoli, XinDa's current chairman, will go to CITIC Group as general manager.
Tian, 51, graduated from the Hubei Institute of Finance and economics in 1983. He was vice president of the Beijing branch of the Construction Bank in 1992. He was general manager of the head office of the Construction Bank in 1994 and served as assistant to the president of the Construction Bank in 1997.
Since 1999, he has served as vice president of XinDa Asset Management Co, chairman of Hongyuan securities Limited by Share Ltd and President of China XinDa market in 2004.
As the XinDa Asset Management Co, which receives the bad assets of the CCB, under the leadership of Tian state, which is a business origin, it took the lead in completing the disposal task in four Asset Management Co (AMC) and attempted to commercialize pformation.
At present, XinDa has established XinDa securities, Cinda Australian silver fund, XinDa futures and other platform companies.
In 2009, XinDa realized net profit of nearly 5 billion yuan, exceeding the sum of the remaining three AMC.
The outstanding performance of XinDa in pformation has made it a pilot project for commercial pformation.
In July this year, XinDa completed the shareholding system reform, and Tian became chairman of XinDa Limited by Share Ltd.
Tian Guoli is highly rated in the industry. Many people in the industry told the finance and economics reporter that the outstanding performance of XinDa is closely related to the level of reform and the ability to seize opportunities.
Tian's pfer is related to the adjustment of insiders in CITIC Group.
Chang Zhenming, the 54 year old general manager of CITIC Group, will replace Kong Dan, the current chairman of the board, and Kong Dan, 63, will retire.
As an international large multinational enterprise group, CITIC Group currently has 44 subsidiaries (banks), and its business is mainly concentrated in financial, industrial and other service industries.
By the end of 2009, CITIC Group's total assets amounted to 21538 billion yuan, and the net profit was 28 billion 200 million yuan.
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