The integration of Guolian Minsheng Securities (GLMS SEC) has reached a critical milestone. On December 20, reports indicated that the company will transfer its existing Wealth Management Committee to Minsheng Securities, with plans to rebrand the latter as "GLMS Wealth" by June 2026. Post-merger, GLMS Wealth will serve as the primary entity for wealth management operations, consolidating client resources and business frameworks from both firms.
Key personnel appointments have been finalized. Jiang Xiaolin, former Assistant President and Head of Institutional Client Services at GLMS SEC, will assume multiple leadership roles, including President of the subsidiary, Executive Committee member, and dual oversight of Institutional Business, Internet Finance, Wealth Client Services, Asset Allocation, and General Management. Other executives, such as Jing Zhong (former Secretary of Minsheng Securities) and Liu Hongsong (former VP and Head of Brokerage), will manage subsidiary offices, channel marketing, and digital operations.
**Jiang Xiaolin: A Veteran Leader** Born in 1968, Jiang holds an MBA and previously served at CITIC Securities (2003–2020), where he spearheaded regional expansions in Northeast China and Shandong. Joining GLMS SEC in 2021 as Chief Wealth Officer, he drove the firm’s advisory capabilities, earning industry accolades like the "Golden Bull Award for Fund Advisory Services" (2023–2025). His promotion aligns with GLMS SEC’s strategic shift toward a subsidiary-focused wealth management model.
**Wealth Management Landscape and GLMS SEC’s Positioning** The sector faces polarization, with top players like Guotai Junan and CITIC Securities dominating revenue (¥97.72 billion and ¥93.19 billion, respectively). Despite this, most firms still rely heavily on traditional commissions, which account for over 80% of brokerage income. GLMS SEC, however, reported a 215.76% YoY surge in wealth management revenue (¥1.195 billion) for H1 2025, with product sales hitting ¥87.02 billion and fund advisory assets under management reaching ¥9.708 billion.
By leveraging its subsidiary structure, GLMS SEC aims to enhance differentiation, attract top talent, and overcome challenges in transitioning to a buyer-advisory model.
*Disclaimer: This content is for informational purposes only and does not constitute investment advice.*
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