Fubon Financial Holding Co (富邦金控), the nation’s second-largest financial service provider by assets, yesterday announced a reshuffle of top executives at its main subsidiaries as the conglomerate moves to strengthen its organizational cooperation and financial proficiency.
Fubon Financial president Victor Kung (龔天行) was replaced by Vivien Hsu (許婉美), co-president of its affiliate, Taiwan Mobile Co (台灣大哥大), to enhance ties between the two business groups, Fubon Financial said in a statement.
“No organization’s structure is perfect and the new makeup is intended to improve its vitality, so the company can better serve customers,” Fubon Financial chairman Daniel Tsai (蔡明忠) said.
The appointment of Hsu to a Fubon Financial leadership position may help introduce a healthy dose of innovation to financial services, Tsai said.
Kung is to take over the chairmanship of Fubon Insurance Co (富邦產險) when the current chairman, Charles Kao (高朝陽), retires.
Fubon Financial recruited former Taiwan Stock Exchange Corp president Samuel Hsu (許仁壽) to head its securities arm, Fubon Securities Co (富邦證券), in the hope of using his longstanding securities expertise, Tsai added.
The conglomerate created an investment and management unit under Fubon Financial and invited Fubon Life Insurance Co (富邦人壽) vice chairman Howard Lin (林福星) to double as chief investment officer, the statement said, adding that Taipei Fubon Commercial Bank (台北富邦) president Jerry Harn (韓蔚廷) will concurrently serve as Fubon Asset Management Co (富邦資產管理) chairman.
The management reshuffle should allow the conglomerate to strengthen its earnings after it beat peers for the past four years in terms of profitability, Tsai said.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
RSS