Bocom Schroders names new chair, vice-chair, CEO

Bank of CommunicationsÆ Peng Chun is named chairman of the joint venture, while CEO David Lui becomes vice-chairman and is succeeded by Mo Tai Shang.
Bank of Communications Schroder Fund Management (Bocom Schroders) has made changes to its board and top management. The company has named Peng Chun as chairman, David Lui as vice chairman, and Mo Tai Shang as CEO.

Bocom Schroders, which manages around Rmb55 billion in assets, is a joint venture between Bank of Communications (Bocom), Schroder Investment Management Limited (Schroders) and China International Marine Containers (CIMC). Bocom holds a majority of the JV with a 65% stake, while Schroders holds 30% and CIMC holds 5%.

Chun, who replaces Xie Hongbing, is Bank of CommunicationsÆ executive director and executive vice-president. Bocom Schroders declined to give any information on the former chairman, or where he has moved. Chun joined Bank of Communications in 1994 and has served as assistant to president, general manager of the bankÆs Guangzhou, Nanning, and Urumqi branches.

Lui has been the CEO of Bocom Schroders since the firmÆs creation in 2005, while Mo was his deputy CEO.

Prior to holding the CEO post, Lui was executive director and vice-chairman of Schroders Hong Kong. He took part in the forum on drafting the policy on investment funds in China, and sat on the overseas expert panel in 2000 at the China Securities Regulatory Commission (CSRC) that assessed open-ended investment funds. He moved to Shanghai when Bocom Schroders gained approval from CSRC to start operations in 2005.

Mo previously held various positions within the Investment Fund Supervision Department at the CSRC before joining Bocom Schroders.

The management shuffle comes ahead of an announcement from Lester Gray, CEO of Schroders Asia, on the firmÆs business strategy for the Greater China region.
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