TAIPEI, March 12 (Reuters) - Alan Lee, chairman of Cathay Securities Investment Trust, the fund arm of Taiwan's biggest financial holding firm Cathay Financial 2882.TW, said on Thursday:
WILL ASSUME MANAGEMENT OF U.S. EQUITIES POSITIONS HELD BY CATHAY'S INSURANCE ARM THIS MONTH
CATHAY'S INSURANCE ARM WILL ALSO TRANSITION ITS BOND POSITION TO THE FUND UNIT BY END OF 2027
HAVE ASSUMED MANAGEMENT OF TAIWAN EQUITIES POSITIONS HELD BY THE INSURANCE ARM
CATHAY FINANCIAL IS TAIWAN'S LARGEST FINANCIAL HOLDING FIRM, WITH MORE THAN T$14 TRILLION IN ASSETS
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(Reporting by Roger Tung and Faith Hung)
((faith.hung@thomsonreuters.com;))