Changes at the top at Taiwan Finance Holdings
09 August 2013
By Asia Asset Management
Taiwan’s Ministry of Finance announced on August 7 that Jih-Chu Lee, chairperson of Chunghwa Post, has been appointed managing director of state-owned Taiwan Finance Holdings and Bank of Taiwan (BOT), according to a report from China Times.
The appointment comes after former Taiwan Finance Holdings Managing Director Tseng Ming-chung was named to replace Yuh Chang Chen as chairman of the Financial Supervisory Commission (FSC) in late July.
Ms. Lee held various senior positions at the FSC and Financial Service and Development Fund before joining Chunghwa Post Co in February this year.
Taiwan Financial Holdings is the largest financial institution in Taiwan. It contains BOT, Land Bank of Taiwan, the Export-Import Bank of China, Bank Taiwan Securities, and Bank Taiwan Life Insurance. It has total assets of more than NT$4 trillion (US$133.3 billion).
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