Guotai Asset Management vice general manager resigns

19 September 2013   Category: News, China   By Asia Asset Management

Guotai Asset Management announced on September 18 that its vice general manager, Tian Kun, has relinquished his position at the firm, effective September 16. 
Mr. Tian joined Guotai Asset Management in August 2012. Before that, he held various senior positions at Bosera Asset Management. Local media has reported that he is to set up a new asset management company. 
Established in 1998, Guotai Asset Management is the 24th largest asset management company in China. The company manages 13 mutual funds (including three closed-end funds and ten open-end mutual funds) and several Social Security Fund portfolios, amounting to approximately 60 billion RMB (US$9.5 billion) in AUM.