Another public fund "specialist" has left, the chairman of Bank of China Fund announced his departure after eight years

Another bank-affiliated public fund announces a change in leadership.

Recently, Bank of China Fund announced that Zhang Yan has resigned as the chairman of the company due to work adjustments. Before the new chairman takes office, the position will be temporarily held by Executive President Zhang Jiawen, who will also perform the duties of the legal representative.

The above changes have been approved by the board of directors of Bank of China Fund and the corresponding filing procedures have been handled as required. The announcement also expressed deep gratitude for Zhang Yan's contributions during her tenure.

Smooth Transition

From the educational background and work experience reflected in the announcement, both Zhang Yan and Zhang Jiawen are seasoned professionals in the financial sector.

Zhang Yan holds a master's degree in Public Financial Policy from the London School of Economics and Political Science, University of London. She has served as the Director of the Global Financial Markets Department at the Bank of China headquarters, General Manager of the Financial Markets Headquarters, Investment Banking, and Asset Management Department. She also serves as the Chairperson of the Fourth Credit Rating Professional Committee of the China Interbank Market Dealers Association and as a member representative of the Shanghai Asset Management Association. In 2017, she joined Bank of China Fund as the chairman.

Zhang Jiawen has held positions such as Vice President of the Taicang Branch of Bank of China Suzhou Branch, Director of the Risk Management Department of Suzhou Branch, President of the Industrial Park Branch of Suzhou Branch, Vice President and Party Committee Member of Suzhou Branch, and Vice Executive President and Party Committee Member of Bank of China Fund. He joined Bank of China Fund in 2013 and currently serves as the Executive President.

Opportunities and Challenges

According to Wind data, as of the end of the first quarter of 2025, the total public fund scale of Bank of China Fund exceeds 650 billion yuan, with non-monetary scale approaching 315.4 billion yuan.

This is an interesting scale; on one hand, a public fund institution of this size should have long passed the breakeven point and have some surplus. It should continue to maintain this position.

On the other hand, maintaining such a "position" is also very difficult.

This may be a challenge that lies ahead for the chairman and general manager of Bank of China Fund.

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