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Fubon founder thanks staff for stellar performance

TAIPEI, Taiwan -- Fubon Financial yesterday held its year-end banquet, with Fubon Group founder Tsai Wan-tsai (蔡萬才) stepping up to thank employees for five consecutive years of stellar sector-leading performance.

The company last year led the financial sector in profits, generating net income of NT$32.69 billion, earning NT$3.31 per share.

Fubon Group founder Tsai Wan-tsai however, reminded employees to remain alert and exercise sound risk management. A profession in the financial sector is an arduous path, said Tsai. “With clients trust in our hands, we must make further commitment in maintaining stringent internal controls to prevent the sudden onset of unexpected risk.

Tsai also pledged to further expand toward the Southeast Asia markets including Singapore, the Philippines and Indonesia, in addition to the company's hold in the Greater China region.

Yesterday's banquet was attended by more than 14,000 Fubon Financial employees, with over 40 percent in attendance going home with cash prizes. The top prize was NT$200,000, with cash bonuses exceeding NT$10 million.

Incidentally, to the envy of employees of other financial institutions, cash bonuses at Fubon reached a record 12-months pay for those listed among the company's top performers.

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