Taiwan Largest Financial Group Cathay Financial Holding to Increase Hiring in Singapore from 100 Employees Based in Singapore in 2022 to Around 200 Employees by 2025 Including Hiring Corporate Relationship Managers & Private Bankers, Cathay Financial Holding Clients are Shifting & Expanding into Southeast Asia Due to Supply-Chain Diversification, Ex-HSBC Veteran Winfield Wong is Cathay United Bank CEO of Singapore, Cathay Financial Holding Includes Cathay United Bank, Cathay Life, Cathay Century Insurance, Cathay Securities & Cathay Securities Investment Trust, Cathay Financial Holding Market Value is $29 Billion
20th June 2024 | Hong Kong
Taiwan largest financial group Cathay Financial Holding (Cathay FHC) is increasing hiring in Singapore from 100 employees based in Singapore in 2022 to around 200 employees by 2025, including hiring more corporate relationship managers & private bankers. Cathay Financial Holding clients are shifting & expanding into Southeast Asia due to supply-chain diversification. Ex-HSBC veteran Winfield Wong is Cathay United Bank CEO of Singapore. Cathay Financial Holding includes Cathay United Bank, Cathay Life, Cathay Century Insurance, Cathay Securities & Cathay Securities Investment Trust. Cathay Financial Holding current market value is around $29 billion (19/6/24). Cathay Financial Holding Chairman is Tsai Hong-tu (son of Tsai Wan-lin), and cousin of (Taiwan) Fubon Financial Holding Chairman Daniel Tsai. Tsai Wan-lin (1924 to 2004) was Taiwan richest man, is co-founder of Cathay Life, and founder of Lin Yan Group which owns Cathay Financial Holding. Cathay FHC is the largest financial group in Taiwan, with total assets of over US$400 billion. The group includes leading players in life insurance, banking, property and casualty insurance, asset management, securities, and venture capital. With a presence in 12 markets in Asia, Cathay FHC is dedicated to becoming a leading financial institution in the region.
“ Taiwan Largest Financial Group Cathay Financial Holding to Increase Hiring in Singapore from 100 Employees Based in Singapore in 2022 to Around 200 Employees by 2025 Including Hiring Corporate Relationship Managers & Private Bankers, Cathay Financial Holding Clients are Shifting & Expanding into Southeast Asia Due to Supply-Chain Diversification, Ex-HSBC Veteran Winfield Wong is Cathay United Bank CEO of Singapore, Cathay Financial Holding Includes Cathay United Bank, Cathay Life, Cathay Century Insurance, Cathay Securities & Cathay Securities Investment Trust, Cathay Financial Holding Market Value is $29 Billion “
About Cathay Financial Holdings
Cathay Financial Holdings has established its presence in Taiwan on December 31, 2001, with registered capital of NTD$120 Billion. Composed of insurance, securities, banking and other diversified financial institutions, Cathay Financial Holdings has become a full-functioning financial platform. With robust sales forces and committed financial advisors across Taiwan, Cathay is to develop its cross-selling strategy and provide a one-stop shopping convenience for its customers.
- Cathay Life, a subsidiary of Cathay Financial Holdings, is the flagship insurance company in Taiwan and has the largest sales foreces in Taiwan. Cathay Life has been the largest insurance company in terms of policy in force for years, which is contributed by its versatile experiences in product design and sales team management. Additionally, Cathay Life has established a satellite long-distance educational channel (Classroom, Satellite, Network and CSN) and its transmission coverage covers Taiwan and Southeastern China.
- Cathay United Bank has demonstrated a prominent growth momentum in both corporate & consumer banking business. In terms of credit card in force and transaction volume, Cathay United Bank is one of the leading banks in Taiwan. In addition, its home mortgage business has also grown rapidly with the support of quality of services and prudent management.
- Cathay Century Insurance has delivered impressive results in terms of operational indicators. It has provided toll-free customer service telephone, claim reporting system for 24 hours service, and extensive branch offices around the country. Car claim and indemnity policy have also gained recognition of ISO9001. Cathay Century Insurance has dedicated to improve efficiency by implementing electronic commerce, and won the “Best in E-Commerce Award” consecutively.
- Cathay Securities primary businesses include retail and institutional securities brokerage, financial product structuring, asset securitization, underwriting and proprietary trading. Cathay Securities further strengthens and completes the existing financial services platform of Cathay Financial Holdings and reinforces its commitment to leveraging cross-selling opportunities and providing customers with “one-stop shopping” across a broad range of financial products and services.
- Cathay Securities Investment Trust (CSIT) is committed to delivering superior and consistent fund performance. We rigorously recruit professional managers and analysts with a wealth of experience in operations management and investment research. Upholding the group’s core philosophy of “strong roots, steady growth”, CSIT is dedicated to the principles of Business Diligence, Customer First, Reliability and Trustworthiness, and Integrity and Stability, in its ultimate pursuit of offering outstanding services.
- With a comprehensive network of 700 branches and nearly 30 thousand sales forces, Cathay services more than 13 million customers.
- In addition to standing firmly in home market, Cathay has been actively extending its footprints in Asia Pacific. Our strategic focus is to establish a regional platform that enables us to provide integrated financial services to our international clientele and prospective customers. We will work toward to make Cathay Financial Holdings become a leading financial institution in Asia Pacific.
Taiwan Largest Financial Group Cathay Financial Holding to Increase Hiring in Singapore from 100 Employees Based in Singapore in 2022 to Around 200 Employees by 2025 Including Hiring Corporate Relationship Managers & Private Bankers, Cathay Financial Holding Clients are Shifting & Expanding into Southeast Asia Due to Supply-Chain Diversification, Ex-HSBC Veteran Winfield Wong is Cathay United Bank CEO of Singapore, Cathay Financial Holding Includes Cathay United Bank, Cathay Life, Cathay Century Insurance, Cathay Securities & Cathay Securities Investment Trust, Cathay Financial Holding Market Value is $29 Billion
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