The general manager of the fifth largest Chinese asset manager, Bosera Asset Management, He Bao, has resigned, the company announced in a statement.
The Shenzhen-based company has appointed managing director Yang Kun as interim general manager.
Mr. He said that the decision to resign was based on personal career reasons.
Mr. He succeeded Bosera’s founder, Xiao Feng, in September 2011. Before joining Bosera, Mr. He worked at the National Council for Social Security Fund (NCSSF) from 2001 to 2007, and at China Investment Corp. (CIC) from 2007 to 2011.
Mr. He held senior positions at CIC’s private equity investment department, relative return department, public equity strategy investment department and global emerging market equity investment department.
Founded in 1998, Bosera Asset Management has RMB225 billion ($37 billion) under management as of March 31, 2013.