Taishin Financial Holding Co. and Shin Kong Financial Holding Co. completed their merger on November 24. From left to right: TS Financial Holding Deputy General Manager Wu Hsin-hao, MasterLink Securities Corp. Chairman Chen Chun-hung, Shin Kong Life Insurance Co. Vice Chairman Hung Shih-chi, TS Financial Holding President Welch Lin, TS Financial Holding Co. Vice Chairman Wei Pao-sheng, Securities Investment Trust and Consulting Association of the R.O.C. Chairman You Chou-wen, TS Financial Holding Co. Chairman Thomas Wu, Taishin Securities Investment Trust Co. former Chairman Wu Kuang-hsiung, Taishin Securities Investment Trust Co. Chairwoman Lai Chao-yin, Vice Chairman Sam Lin, Taishin Securities Co. Chairman Jerry Guo, and Taishin Securities Investment Trust Co. General Manager Yeh Chu-chun.

Taishin Financial Completes Merger With Shin Kong, Targets NT$1 Trillion AUM

KUALA LUMPUR, Dec 9 (Bernama) -- Taishin Financial Holding has completed its merger with Shin Kong Financial Holding, with their asset management subsidiaries becoming the first units to finalise integration.

The merger, completed on Nov 24, consolidated Taishin Securities Investment Trust Co and Shin Kong Investment Trust Co into the surviving entity, Taishin Securities Investment Trust Co. The company now manages NT$530 billion in assets, ranking ninth in Taiwan and targeting NT$1 trillion in assets under management (AUM). (NT$100 = RM13.20)

Post-merger, the company will offer a broader product lineup, including investment-grade bond exchange-traded funds (ETFs), each exceeding NT$10 billion, along with popular thematic ETFs that have garnered strong investor interest.

According to a statement, two new actively managed ETFs are set for launch this year to capture emerging opportunities and support wealth-building.

The board elected Lai Chao-yin as chairwoman. With nearly 30 years at the company, Lai will focus on integrating resources, recruiting talent, and developing innovative, market-aligned products. She emphasised strengthening discretionary investment services and believes the merger will accelerate progress toward becoming a trillion-dollar asset manager.

Meanwhile, Taishin Securities Investment Trust Co Vice Chairman, Sam Lin said the integration will combine strengths in asset management, product development, investment expertise, distribution and risk management.

He added that the move will enhance discretionary services and expand offerings across both active and passive ETFs and mutual funds.

Its General Manager, Yeh Chu-chun noted that the company’s money market funds surpassed NT$160 billion as of September, maintaining market leadership for seven consecutive years. He said the company will continue serving institutional and high-net-worth clients with high-quality discretionary services to bolster long-term performance.

-- BERNAMA