Exclusive: Cathay United Bank Chairman Post to Be Reassumed by 84-Year-Old Chen Tsu-Pei

Rumors have spread through the financial sector: Kuo Ming-Chien, the former chairman of Cathay United Bank, a subsidiary of Cathay Financial Holding, resigned on June 26. The vacant chairman position, currently being temporarily filled by Vice Chairman Tsai Tsung-Han, will now be reassumed by 84-year-old Chen Tsu-Pei, who previously served as chairman of the bank.

Kuo stepped down amid public criticism over Cathay Securities Investment Trust's related-party transaction with World Link Communication (Worldchip-KY), as well as his concurrent directorships in multiple non-financial companies. Industry observers believe Chen Tsu-Pei's return will bring stability to Cathay Financial Group amid internal and external turbulence and ensure a smoother leadership transition, making this personnel move widely viewed in a positive light.

Chen Tsu-Pei has previously served as General Manager, Vice Chairman, and Chairman of Cathay United Bank, as well as Vice Chairman of Cathay Financial Holding. With a comprehensive banking career, he is a well-known veteran banker in Taiwan and a role model who rose from a junior bank clerk to the top leadership position.

Known for his dignified appearance and humble, amiable personality, Chen once shared the 'Four Essentials for Career Success' during a speech at his alma mater, the Department of Land Economics at National Chengchi University: 'Ren Tou' (understanding people), 'Kou Tou' (verbal communication), 'Bi Tou' (writing skills), and 'Xing Tou' (professional appearance). This means knowing your clients, being articulate, writing excellent reports for superiors, and dressing appropriately.