Taiwan to appoint Michael C.S. Chang as new chairman of Mega Financial

Mega Financial Holding Co

01/09/2016 08:09

TAIPEI, Sept 1 (Reuters) - Taiwan's government is set to 
appoint banking veteran Michael C.S. Chang as chairman of 
state-owned Mega Financial Holding Co Ltd  2886.TW , three 
people familiar with the matter told Reuters on Thursday. 
    The appointment would come a day after Shiu Kuang-si quit as 
chairman after the New York branch of the firm's banking unit 
was fined last month by New York regulators for anti-money 
laundering violations. 
    Earlier on Thursday, Mega Financial said its current 
president would serve as interim chairman. 
    The government is likely to formally announce Chang's 
appointment later on Thursday, said the people, who were not 
authorised to speak with media on the matter and so declined to 
be identified. 
    Chang was formerly chairman of state-controlled First 
Financial Holding Co Ltd  2892.TW  from 2006 to 2008. 
 
 (Reporting by Liang-sa Loh; Writing by J.R. Wu; Editing by 
Christopher Cushing) 
 ((jr.wu@thomsonreuters.com; +886 2 2500 4881; Reuters 
Messaging: jr.wu.thomsonreuters.com@reuters.net)) 
 
Keywords: MEGA FHC TAIWAN/