As the regulatory environment becomes increasingly perfected and stringent, financial institutions are placing greater emphasis on the construction of their compliance management systems. The individuals chosen to lead these systems, the Chief Compliance Officers/Directors of Compliance, often attract significant market attention.
On April 2, 2026, two important financial institutions in the southwestern region, Bank Of Chengdu and Hongta Securities, successively disclosed major personnel changes concerning their Chief Compliance Officers/Directors of Compliance.
The President of Bank Of Chengdu will personally take the helm, concurrently serving as Chief Compliance Officer, while Hongta Securities will see its former Finance Director transition into the role of Director of Compliance. This wave of senior management adjustments once again brings the importance of financial institutions' compliance executives to the forefront.
<h2>President Xu Dengyi Takes on Dual Role</h2>
Bank Of Chengdu's latest announcement shows that, upon deliberation and approval by the board of directors, it has been agreed to appoint Xu Dengyi, President of Bank Of Chengdu, to concurrently serve as the bank's Chief Compliance Officer. The tenure of this appointment will commence from the date of the board's approval and will extend until the end of the eighth board of directors' term.
The appointment of the President to concurrently serve as Chief Compliance Officer highlights Bank Of Chengdu's emphasis on compliance management.
Based on his resume, Xu Dengyi, born in 1968, is a seasoned financial professional with a profound background in finance and banking operations. He holds a Master of Business Administration from Southwestern University of Finance and Economics.
Before joining Bank Of Chengdu, Xu Dengyi had a long career within the China Construction Bank system. He held various key positions, including Deputy Section Chief of the Accounting Section of the Finance and Accounting Department, Deputy Branch Manager of the First Branch (for developmental training), Deputy Director of the Accounting Department at the Chengdu Branch; Deputy Manager of the Accounting Department at the Sichuan Provincial Branch; Member of the Party Committee and Deputy Branch Manager of the First Chengdu Branch (for developmental training); Deputy General Manager of the Accounting Settlement Department at the Sichuan Provincial Branch; Deputy Secretary of the Party Committee and Deputy Branch Manager (presiding over work), Secretary of the Party Committee, and Branch Manager of the Luzhou Branch; General Manager of the Finance and Accounting Department, General Manager of the Institutional Business Department, Senior Deputy Manager (Professional Technical Level Two) concurrently serving as Deputy Secretary of the Discipline Inspection Commission and Director of the Discipline Inspection Commission Office at the Sichuan Provincial Branch. Subsequently, he also served as Deputy Secretary of the Party Committee, Vice Chairman, and President of Chengdu Rural Commercial Bank.
Currently, he serves as Deputy Secretary of the Party Committee, Vice Chairman, and President of Bank Of Chengdu. His extensive cross-institutional management experience, solid foundation in financial accounting, and deep understanding of the Sichuan local financial market will provide strong support for his comprehensive oversight of Bank Of Chengdu's overall compliance and risk management.
<h2>Zhai Xu Officially Assumes Role as Director of Compliance</h2>
Similarly, Hongta Securities has also seen a formal handover of its compliance responsibilities.
On the evening of April 2, Hongta Securities announced that the Securities Regulatory Authorities had approved Zhai Xu's appointment as the company's Director of Compliance on April 1. He assumes his official duties immediately, and the former Director of Compliance, Rao Xiong, will no longer hold this position.
This senior management adjustment at Hongta Securities is part of an internal management rotation and restructuring. At the Eighth Board of Directors' Seventh Meeting on February 26, 2026, Hongta Securities made concentrated adjustments to the positions of several senior management personnel.
Among these, Zhai Xu will no longer serve as the company's Finance Director and Secretary to the Board of Directors. Instead, he will take on the responsibility of risk control and compliance management, having been appointed as the company's Chief Risk Officer and Director of Compliance.
From overseeing finance and information disclosure (Finance Director, Company Secretary) to managing overall business risks and compliance standards (Chief Risk Officer, Director of Compliance), Zhai Xu's role transition not only reflects Hongta Securities' internal emphasis on developing comprehensive capabilities among its senior executives but also signifies the company's increased focus on deep integration between financial data, internal controls, and governance in risk prevention and compliance management.
<h2>The &#34;Ballast Stone&#34; Role of Compliance</h2>
Whether it's the President of Bank Of Chengdu taking a direct role or the cross-functional appointment at Hongta Securities, these moves reflect a consensus in the current financial industry: compliance is no longer just desk work for back-office departments but a core competitive strength that determines the future of financial institutions.
In modern financial institutions, the Chief Compliance Officer/Director of Compliance plays an extremely critical role. Firstly, they are the institution's &#34;goalkeeper.&#34; In today's era of ever-emerging financial innovations and increasingly complex business models, the Director of Compliance must ensure that all business innovations operate within the framework of laws and regulations, preventing the institution from facing hefty fines or reputational damage due to non-compliant operations.
Secondly, they are the strategist's &#34;escort.&#34; An excellent compliance officer not only passively reviews contracts but also actively participates in the company's strategic decision-making, identifying and mitigating risks from a compliance perspective to ensure the institution's long-term development and transforming compliance requirements into corporate governance advantages.
Finally, they are the &#34;evangelist&#34; of compliance culture. By promoting the implementation of compliance systems, compliance executives strive to establish a corporate culture from top to bottom that &#34;compliance creates value.&#34;
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As the financial regulatory environment becomes increasingly stringent, Bank Of Chengdu and Hongta Securities have successively announced changes in senior management. Xu Dengyi, President of Bank Of Chengdu, will concurrently serve as Chief Compliance Officer, highlighting the importance placed on compliance management. Hongta Securities will see its former Finance Director take over as Chief Compliance Officer. This series of adjustments underscores the significance of the compliance executive

Wallstreetcn

Bank Of Chengdu

Hongta Securities

New Compliance "Chiefs" at Financial Institutions Take Office Amidst a Deluge; Bank Of Chengdu President Assumes Dual Role, Hongta Securities Welcomes New Director of Compliance