China AMC flatly denies new GM rumour
The country’s largest fund management firm dismisses media speculation that its general manager – who was appointed just last month – is set to be replaced by an executive from Citic Securities.
China Asset Management Company has categorically denied media reports it is set to replace its general manager just a month after he was appointed.
A source within the firm responded to AsianInvestor queries on the back of reports that the firm’s largest shareholder, Citic Securities, was looking to replace Teng Tianming, who was promoted to general manager in July.
Money Weekly named Citic Securities’ Xu Gang as the next GM, quoting unnamed sources. Xu joined Citic Securities i…
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