Published by AsiaAssetManagement – 1st April 2015
China Universal Asset Management (China Universal AM) founder Andy Lin is reportedly set to relinquish his role as the firm’s chief executive officer.
China Business News reported that China Universal AM has yet to make an official announcement relating to Mr. Lin’s departure, but the firm has appointed its inspector general Li Wen to fill the vacancy. Mr. Lin is said to have established his own private equity venture. China Universal could not be reached for comment by Asia Asset Management.
A graduate of Harvard University, Mr. Lin cut his teeth in asset management at State Street Global Advisors (SSgA), where he worked in risk management. Mr. Lin founded China Universal in 2004, and under his leadership, the firm became one of the top Chinese asset managers with total AUM of around 109.4 billion RMB (US$17.5 billion).
Mr. Li joined China Universal in 2004. Before that, he held various supervisory and risk management positions in Orient Securities and Bank of China (BOC).
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