A veteran Sino-foreign joint venture fund company has added a new member to its executive team with extensive experience in securities, media, and multiple public fund firms.
On December 19, CITIC-Prudential Fund announced a senior management change, appointing Shen Yang as Deputy General Manager, effective December 17, 2025. This marks Shen Yang’s fourth appointment as a deputy general manager-level executive in the public fund industry.
As one of the first Sino-foreign joint venture fund companies established by CITIC Group and British insurer Prudential (PRU), CITIC-Prudential Fund’s recruitment of a cross-sector executive comes at a critical juncture, with its assets under management exceeding 156.34 billion yuan.
**Cross-Sector Career** According to the announcement, Shen Yang’s career spans securities, media, and asset management. He began as an analyst at GF Securities, laying a solid foundation in financial analysis.
Later, he joined China Securities Journal as a reporter, gaining expertise in financial communication and market insights. His career then transitioned to asset management, where he served as a researcher at Hang Seng Investment Management and as Institutional Business General Manager at Bosera Asset Management.
His leadership roles include Deputy General Manager at Zhejiang Merchants Fund, Deputy General Manager at Great Wall Fund, and Party Committee Member and Deputy General Manager at Xingyin Fund. These experiences have equipped him with extensive management expertise.
**Strategic Move** Market observers view this executive change as a strategic step by CITIC-Prudential Fund to strengthen its team and optimize management.
Founded in September 2005, CITIC-Prudential Fund is jointly owned by CITIC Group (49%), Prudential (49%), and China-Singapore Suzhou Venture Capital (2%). Renamed from "CITIC-Prudential Fund Management Co., Ltd." in December 2017, the firm held 156.34 billion yuan in assets by Q3 2025, ranking 51st among 162 fund companies.
Amid intensifying industry competition, fund firms are actively recruiting seasoned professionals with diverse backgrounds. Shen Yang’s cross-sector experience, particularly his leadership roles in multiple fund companies, aligns with CITIC-Prudential Fund’s needs as it seeks to enhance its market position through management and research improvements.
With Shen Yang’s appointment, CITIC-Prudential Fund’s deputy general manager team gains a core member with securities, media, and multi-fund management experience. Whether this will inject new vitality into the veteran joint venture firm remains to be seen.
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