Between June 2012 and April 2013, high-ranking executives from at least 10 Chinese securities brokerages vacated their posts, the Securities Times reported Wednesday.

Most of the executives in question had been working in asset management, the article mentioned. Poor performances, management disagreements and individual development were among the list of reasons cited for the shake-ups, the report wrote.

Specifically, Zhang Yibo, former general manager of Changjiang Securities' asset management unit, reportedly resigned in June 2012 after two of the brokerage's products winded down.

Liu Xingming, formerly the top asset manager at China Merchants Securities, was said to have resigned due to problems caused by staff reshuffles elsewhere within the brokerage.

Meanwhile, Soochow Securities has reportedly gone through three general managers for its asset management division, with poor investment product returns tipped as the cause behind the rotation.

CITIC Securities, Haitong Securities, Shenyin & Wanguo Securities and China Minzu Securities were also reported to have experienced managerial turnover during the period mentioned above.

Global Times