FFHC Board Appointed Tsan-Chang Liao As Chairman of FFHC & subsidiary First Bank



The Board of First FHC (TSEC: 2892) (“the Company”) today appointed Mr. Tsan-Chang Liao, as the Chairperson of the Company, effective today on 8 Apr., 2019. On the same day, Mr. Laio was also appointed as Chairperson of subsidiary First Bank by the Board of Directors of First Bank.

Tsan-Chang Liao holds a Master degree in Business Administration of NCTU, Taiwan. Before joining First Financial Holding, he was the Chairperson of Taiwan Cooperative Financial Holding and Taiwan Cooperative Bank, and Chairperson of Taiwan Business Bank.

Company Profile

As of end of 2018, First Financial Holding Co., Ltd. (TWSE: 2892) is one of the largest financial groups in Taiwan, with an asset size of NT$2.94 trillion. 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 188 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 23 operating offices around Taiwan. The assets under management by Subsidiary First Securities Investment Trust was over NT$85.6 billion. Other subsidiaries include First 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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