Exclusive: China Everbright Bank Veteran Ren Feng to Lead Everbright Jinou AMC
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After two years leading China Everbright Bank’s wealth management unit, Ren Feng is now set to become the chairman of Everbright Jinou Asset Management Co. Ltd., Caixin learned from exclusive sources.
Ren is going to succeed current chairman Kang Long, who is retiring, according to the sources.
Ren began his career in state-owned banks before joining Everbright Bank. He held several key positions, including the head of the Nanchang branch of Everbright Bank. Under his leadership, the Nanchang branch achieved notable growth in assets, liabilities, and customer base in 2018.
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- Ren Feng will become chairman of Everbright Jinou Asset Management, succeeding the retiring Kang Long.
- Both chairman and general manager positions at Everbright Wealth Management are now vacant.
- Everbright Jinou Asset Management had 18 billion yuan ($2.48 billion) in assets in 2020 and acquired nearly 100 billion yuan of non-performing assets by early 2022.
- China Everbright Bank
- China Everbright Bank is a state-owned commercial bank where Ren Feng heads the wealth management unit, located in Nanchang and achieving notable asset growth. Ren was promoted to general manager of its credit approval department and later chairman of Everbright Wealth Management. Both chairman and general manager roles are now vacant following his new appointment as chairman of Everbright Jinou Asset Management.
- Everbright Jinou Asset Management Co. Ltd.
- Everbright Jinou Asset Management Co. Ltd., founded in 2015, had assets under management of 18 billion yuan ($2.48 billion) in 2020. By early 2022, it acquired nearly 100 billion yuan of non-performing assets. Ren Feng is set to become the new chairman, succeeding Kang Long.Contact reporter Denise Jia (huijuanjia@caixin.com) for more information.
- Founded in 2015：
- Everbright Jinou Asset Management was founded.
- 2018：
- The Nanchang branch of Everbright Bank achieved notable growth in assets, liabilities, and customer base under Ren Feng’s leadership.
- By early 2022：
- Everbright Jinou Asset Management acquired nearly 100 billion yuan of non-performing assets.
- May 2022：
- Ren Feng succeeded Zhang Xuyang as chairman of Everbright Wealth Management.
- April 2024：
- Pan Dong, the general manager of Everbright Wealth Management, retired.
- After April 2024：
- Ren Feng is set to become the chairman of Everbright Jinou Asset Management Co. Ltd.
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