Nord Fund "officially announces" change of general manager; senior executive Liu Xiang "takes over" as general manager.

Another established public mutual fund management institution has officially announced a change of general manager.

On December 26, Nord Fund issued an “Announcement on Senior Management Change”. Due to personal reasons, Luo Kai is stepping down as general manager. The announcement also states that Liu Xiang is appointed as the new general manager of Nord Fund.

It is reported that Luo Kai graduated from Tsinghua University and holds an MBA degree. He has long served Nord Fund, joining the company in July 2007 and becoming general manager in November 2018.

Liu Xiang, the new general manager of Nord Fund, has extremely rich experience in the public fund industry, with nearly thirty years working in the financial sector. Of these, he has spent twenty-one years working in the fund industry, long holding senior executive positions at public fund institutions.

According to relevant records, Liu Xiang’s career began in banking, having worked for various domestic and overseas branches of Shenzhen Development Bank and the headquarters of China Merchants Bank. After entering the fund industry, he served as marketing director at Penghua Fund, equity partner and executive committee member at Qianhai Open Source Fund, chief marketing officer of the company, co-general manager of the executive committee, among other roles, leading Qianhai Open Source's marketing business to continued improvement.

From July 2020 to April 2025, Liu Xiang served as general manager of Everbright Pramerica Fund, comprehensively managing this joint venture public fund institution. During this period, the fund company focused its business on investor returns, continuously launched fund products emphasizing long-term philosophy, and maintained a business style in line with its product matrix. According to Guotai Haitong Securities, as of the end of March 2025 before Liu Xiang stepped down, Everbright Pramerica Fund ranked first in the industry for both absolute return in fixed income investments over the past year and the past decade.

Nord Fund Management Co., Ltd., which is changing leadership this time, was established in 2006. Its shareholders are Tianfu Qingyuan Holdings Co., Ltd. and Beijing Tianlang Yun Chuang Information Technology Co., Ltd.; the company’s product lines cover multiple types, including equity, fixed income, and monetary funds. As of the end of November 2025, the company managed 44 public fund products, including 14 bond funds, 29 equity funds, and 1 monetary fund. In addition, according to the absolute return ranking of funds published by Guotai Haitong Securities, Nord Fund ranked seventh in the industry for ten-year equity return rate, exceeding 200% (as of September 30, 2025).

Overall, Nord Fund is an experienced, well-established public fund institution with strong foundations and urgent prospects for further development. Under Liu Xiang’s leadership, the future development of the Nord team is attracting much attention.

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