Tue, Mar 20, 2012 - Page 12 News List

Banks recruiting new associates to boost growth

OVERSEAS EXPANSION:Recruitment season has just opened for trainee bank managers, who can look forward to attractive salaries and overseas placements

By Crystal Hsu  /  Staff Reporter

Unfazed by global uncertainty, Taiwan’s financial institutions are recruiting new management associates to meet overseas expansion needs.

Fubon Financial Holding Co (富邦金控), the nation’s most profitable financial services provider in recent years, intends to hire 20 to 25 new associates at a monthly salary of NT$60,000 (US$2,031) — 7 percent higher than last year — plus a year-end bonus depending on company earnings, the company said.

Associates are trainee supervisors responsible for general administrative and office duties, and assisting company executives.

Candidates undergo a five-stage screening process that includes interviews with Fubon Financial chairman Daniel Tsai (蔡明忠), vice chairman Richard Tsai (蔡明興) and president Victor Kong (龔天行) at the final stage, the company said.

Kong, who announced the opening of the hiring season on Saturday, said Fubon Financial hopes to acquire shares in Chinese peers and welcomes investment from them. It already holds a 20 percent stake in China’s Xiamen City Commercial Bank (廈門商銀).

Hiring will last through April 1 and has drawn 20 percent more online applications than last year, Kong said, adding that the company would provide new recruits with three years of on-the-job training.

Chinatrust Financial Holding Co (中信金控), parent of the nation’s largest credit card issuer, plans to add 50 associates this year to strengthen its banking and life insurance subsidiaries and overseas units, company president Daniel Wu (吳一揆) said on Sunday.

Chinatrust Financial has partnered with a US business college this year to groom recruits who demonstrate strong interest in carving a career in the industry, Wu said.

With more than 60 outlets in 11 countries, Chinatrust Financial provides employees with many opportunities to work overseas and develop international knowhow and practices, he said.

New associates at Chinatrust Financial are offered an annual salary of between NT$900,000 and NT$1 million and promotions to managerial positions within two years if they perform satisfactorily, he added.

State-run First Financial Holding Co (第一金控) plans to recruit 20 new associates this year, as the company seeks to lift its standing in China and Southeast Asia, the company said.

First Financial chairman Tsai Ching-nian (蔡慶年) and other executives attended a job fair at National Cheng Kung University in Greater Tainan over the weekend to personally speak to potential candidates. New associates at First Financial are offered NT$42,000 a month during the probationary period and NT$49,000 on becoming regular staff, the company said.

Cathay Financial Holdings Co (國泰金控), the nation’s largest financial firm by assets, will hold job interviews at its Taipei headquarters this weekend and plans to add 200 staff at various subsidiaries, the company said.

Potential candidates must have a master’s degree and will have the opportunity to work in branch offices in China and Vietnam, the company said.

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