China Development Financial Holding Corp's (
"I may be young, but I am very professional," Chen told reporters yesterday. "And I've been working closely with the company's executives in my capacity as a board member for a long time."
PHOTO: SEAN CHAO,TAIPEI TIMES
Acting as a temporary chairperson in the absence of Liu Tai-ying (
In comparison with 13 other financial holding companies -- which focus on the retail banking business -- China Development's advantages lie in its wholesale orientation, Chen said.
Taiwan Ratings Corp (
"It does not appear that the charges brought against Liu have any direct or significant impact on the financial strength of either China Development Industrial Bank or China Development Financial Holding," it said.
China Development aims to expand into a regional investment banking corporation before branching out to be a world megabank, the chairwoman said.
With an MBA from California's Claremont Graduate University, Chen returned to Taiwan in 1997 to head the direct investment department at Lilontex Corp (
After being appointed to head China Development Financial Holding on Tuesday, Chen said she spent her first work day receiving business briefings from each of the company's departments, hoping to become familiar with the company's management sooner.
The company's merger plan with several commercial banks including SinoPac Holdings Co (
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