ZhongOu awaits CSRC approval for director appointment
11 November 2013
Category: News, China, Global
By Asia Asset Management
Following approval from ZhongOu Fund Management’s board of directors to become a director of the firm, Dou Yuming now awaits clearance from the China Securities Regulatory Commission (CSRC), having sat the examination for senior management in late October. The former CEO of Fullgoal Fund Management joined the Shanghai-based asset management joint venture over three months ago.
Mr. Dou resigned from Fullgoal on June 5. On August 8, ZhongOu Fund Management announced that its shareholders passed a motion to name Mr. Dou as a member of the board of directors alongside Marco D’Este, Lu Shuqi and Liu Jianping.
Securities Daily cited market sources as saying that Mr. Dou is slated to assume the position in December.
Before joining ZhongOu Fund Management, Mr. Dou held various senior positions at Fullgoal Fund Management, Harvest Fund Management, and Da Cheng Fund Management.
Established in 2006, ZhongOu Fund Management is a JV formed between Guodu Securities Co, China Private Ventures (Beijing), and Winnerkey Investment Co. The company is the 48th largest asset manager in China, with total AUM of 14 billion RMB (US$2.2 billion).