Cathay Financial Group looks to future on 50th anniversary

“We want to keep pace with the times and make our customers the first priority, so we will continue making organizational changes,” said Tsai Hong-tu, chairman of Cathay Financial Holding Co., on the sidelines of a celebration ceremony in Taipei.

Consulting experts outside the company for advice, the group launched a three-year project in May aimed at strengthening its internal communications and operation procedures to keep its competitiveness, he said.

Asked what changes have been and will be made, Tsai declined to provide further details, saying only “these are our internal issues.”

The company will also review its investment planning strategies, the chairman said, adding that emerging markets such as Vietnam and Cambodia will definitely be one of its main targets.

“We will do what we should do in both domestic and foreign markets to make the company grow,” he vowed.

Vice President Wu Den-yih, who also attended the ceremony, congratulated the company and expressed his wish that the company can be not only a successful business but also a happy one.

Taiwan's Cloud Dance Theatre, which the company has been sponsoring for 17 years, performed at the ceremony that was attended by many dignitaries, officials and company representatives, including former Vice President Vincent Siew, Kuomintang Honorary Chairman Lien Chan, Economics Minister Shih Yen-shiang and Interior Minister Lee Hong-yuan.

Established in 1962, Cathay Life Insurance Co., the predecessor of the group, started out with only 13 employees, but the group now employs over 40,000 people, serves 12 million customers and has total assets of over NT$5 trillion (US$170.56 billion), according to the company. President Ma Ying-jeou also sent congratulatory messages.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Art organization's founder rejects report alleging sexual harassment

NEXT ARTICLE
Renovated food court takes off at int'l airport

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit