Wallace Yu resigned as head of the multiasset group at China's $941 billion sovereign wealth fund, according to people with knowledge of the matter, joining a string of senior executive departures in recent years.
Mr. Yu, a portfolio manager in China Investment Corp.'s fixed-income and absolute-returns department, submitted his resignation last month, said the people, who declined to be named discussing private matters. CIC and Mr. Yu didn't reply to emails seeking comment.
He is the latest senior executive to depart since 2017. Most exits came during a two-year stretch when CIC was without a top leader. The government appointed Peng Chun as chairman in April 2019, filling that void.
The multiasset group, previously led by Mr. Yu, cut the fund's risk allocation portfolio by about 50% in mid-March, limiting losses from steepening stock and bond declines as the coronavirus outbreak spread around the world.