Central bank plans to shuffle officials

The central bank yesterday said it would shuffle its top-ranking officials after the retirement of Deputy Governor Hsu Yi-hsiung (徐義雄).

The bank's clearing and settlement bureau chief, Yang Chin-lung (楊金龍), will become deputy governor on March 5 after Hsu steps down, the central bank said in a statement yesterday.

Yang, 55, earned a master's degree from National Chengchi University and a doctorate in economics from Birmingham University in Britain. He joined the central bank in 1989.

Before taking the helm at the clearing and settlement bureau, Yang served as an economic research fellow, a manager at the foreign exchange bureau and the director of the central bank's representative office in London.

Yang has made significant contributions in establishing real-time lump sum settlement systems and improved the bills financing credit management system, the statement said.

Treasury bureau chief Yu Chin-tang (尤錦堂) will succeed Yang as head of the clearing and settlement bureau and economic research chief Shih Yan (施燕) will succeed Yu at the treasury bureau. Shih's position will be filled by her deputy, Yan Tzung-ta (嚴宗大).

Yan, 52, specializes in macroeconomic research, international financing and Taiwan-China economic ties. He joined the central bank in 1993.