FFHC Board Appointed Grace Y. Wu Acting Chairman; Grace M.L. Jeng was elected as Acting Chairman of FB



Taipei, Taiwan, R.O.C., November 3, 2017 – The Board of First FHC (TSEC: 2892) (“The Company”) today appointed Ms. Grace Y. Wu, CEO of The Company, as Acting Chairman of the Company, effective today on 3 Nov, 2017. On the same day, Ms. Grace M.L. Jeng, CEO of subsidiary FB, was elected Acting Chairman of the Board of Directors of Subsidiary First Bank.

Both Grace Y. Wu and Grace M.L. Jeng are incumbent directors of The Company.

Company Profile

As of first quarter of 2017, First Financial Holding Co., Ltd. (TWSE: 2892) is one of the largest financial groups in Taiwan, with an asset size of NT$2.57trillion. The Group, which totally has 39 overseas spots, provides corporate and individual clients with a full range of product mix including retail banking, stock brokerage, asset and wealth management, and corporate and investment banking. Subsidiary First Commercial Bank is the major profit driver and has maintained its leading positions in selected areas as the deposit and lending business, SME loans, home mortgages, mutual-fund distributions, and bancassurance. It currently owns 189 branches at home along with 35 overseas branches and representative offices, including US subsidiary of First Commercial Bank (USA). Subsidiary First Securities engages in brokerage, dealing, underwriting, and derivative products via its 22 operating offices around Taiwan. The assets under management by Subsidiary First Securities Investment Trust was over NT$94.8 billion. Other subsidiaries include First-Aviva Life Insurance Co, First Financial Assets Management Co., First Venture Capital Co., and First Financial Management and Consulting Co.,.

For further information, please go to www.ffhc.com.tw

Press Release (PDF)

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