On January 15th, BlackRock announced that Zhang Pengjun was appointed as the General Manager of BlackRock Jianxin Wealth Management Co., Ltd. (hereinafter referred to as "BlackRock Jianxin Wealth Management"). Former General Manager of BlackRock Jianxin Wealth Management, Fan Hua, will assume the new position of BlackRock China. This appointment will officially take effect after regulatory approval.
According to BlackRock Fund's announcement on July 1st last year, the former deputy general manager of the company, Zhang Pengjun, resigned due to internal work arrangements. After half a year, Zhang Pengjun's position finally settled.
According to publicly available information, Zhang Pengjun is a licensed Financial Analyst (CFA) with a Master's degree in Business Administration from the Rothmann School of Management at the University of Toronto and a Master's degree in Economics from Northeastern University of Finance and Economics. Formerly served as Deputy General Manager, Chief Operating Officer, and Chief Information Officer of BlackRock Fund Management Co., Ltd., General Manager, Legal Representative, and Chief Operating Officer of BlackRock Investment Management (Shanghai) Co., Ltd., General Manager, Legal Representative, Chief Operating Officer, and Compliance Risk Manager of BlackRock Overseas Investment Fund Management (Shanghai) Co., Ltd; Chief Operating Officer of Investment Banking Department at UBS Securities Limited, Vice President of Wealth Lyon Securities Limited, Senior Director of Zhonghong Life Insurance Co., Ltd., Senior Financial Manager of Imperial Commercial Bank of Canada, Strategic Analyst of the Board of Directors of Fuguo Fund Management Co., Ltd. (Shanghai), and Head of Business Department at Shenyin Wanguo Securities Co., Ltd. (Dalian).
BlackRock Credit Wealth Management has made more than one heavyweight appointment. On January 15th, BlackRock Credit Wealth Management announced the arrival of a new Chief Fixed Income Investment Officer, Wang Dengfeng.
Wang Dengfeng served as the fund manager of Tianhong Yu'ebao Money Market Fund (hereinafter referred to as Tianhong Yu'ebao), the largest public fund product in the market, with a management experience of 10 years. Wang Dengfeng has been managing Tianhong Yu'ebao since May 29, 2013 and was the first fund manager of the fund, with a return of 29.67% during his tenure. Starting from June 9, 2021, Tianhong Yu'ebao will be jointly managed by multiple fund managers.
Figure: During Wang Dengfeng's tenure as the manager of Tianhong Yu'ebao Fund, the return rate was sourced from Tiantian Fund Network
According to the third quarter report of Tianhong Yu'ebao, as of September 30, 2023, the scale of Tianhong Yu'ebao was 663.995 billion yuan.
Regarding Wang Dengfeng's appointment, BlackRock told Interface News that this appointment further highlights BlackRock's commitment to attracting top talents and continuously improving fixed income investment capabilities, striving to bring greater investment value to investors. "He will lead the team to strengthen their investment capabilities in the fixed income field and create a comprehensive investment platform for BlackRock Credit Wealth Management," BlackRock said.
BlackRock Jianxin Wealth Management was established on May 13, 2021, with a registered capital of RMB 1 million. By June of last year, BlackRock Jianxin Wealth Management had been in operation for two years. According to the financial report, as of June 30, 2023, BlackRock Jianxin Wealth Management's existing wealth management scale exceeded 11.8 billion yuan.
BlackRock Jianxin Wealth Management has chosen to leverage the strengths of its parent company in the field of equity investment and take the equity "route". In September 2021, it launched its first equity stock product with a risk level of up to R5- BlackRock Jianxin Wealth Management Beiying A-share New Opportunities Private Equity Exclusive Wealth Management Product Phase 1, with a minimum investment threshold of 100000 yuan.
Since 2022, the significant fluctuations in the stock market have led to a decrease in the attractiveness of equity products to investors. Therefore, BlackRock Jianxin Wealth Management has adjusted its strategy and gradually launched a series of fixed income products.
According to data from China Wealth Management Network, BlackRock Jianxin Wealth Management currently has a total of 103 existing products, most of which are fixed income products, with only two equity products and one mixed product. There has been no net asset loss for its fixed income products, while two equity products in the "Beiying A-share New Opportunities" series have both broken their net assets. Among them, the latest net asset value of the first phase of the Beiying A-share New Opportunities Private Equity Exclusive Wealth Management Product is 0.7474, and the latest net asset value of the BlackRock Jianxin Wealth Management Beiying A-share New Opportunities Phase 2 is 0.7704.