Eugene Wu

Eugene Wu: Career Highlights

Eugene Wu's career took a significant turn in 1986 when his father passed away. He assumed control of several of his father's holdings, including Shin Kong Group. In collaboration with James Lin, Eugene Wu played a pivotal role in the construction of numerous buildings owned by Shin Kong Group. One of his notable achievements was proposing a merger between Shin Kong Financial Holding and Taishin Financial Holdings in 2002. Although the merger was later withdrawn, it showcased Eugene Wu's strategic vision for the financial industry.

In 2005, Eugene Wu faced legal challenges when he was indicted for insider trading related to the failed merger. However, he demonstrated resilience by successfully completing a merger with Macoto Bank, resulting in the formation of Shin Kong Bank. Despite facing scrutiny under the Financial Holding Company Act, which restricted top executives from holding equivalent leadership positions at non-financial businesses, Eugene Wu remained steadfast in his pursuit of growth and expansion.

Eugene Wu continued to make strategic moves, expressing interest in forming a partnership with an international financial institution in 2006. He increased investment in Shin Kong Bank and considered acquiring First Financial Holding. Additionally, he focused on real estate acquisition and sale for Shin Kong Life Insurance, with notable investments including Neihu Science Park and London office space.

In June 2020, Eugene Wu stepped down as the chair of Shin Kong Financial.

However, his tenure was not without controversy. In September 2020, he was suspended from his post as chairman of Shin Kong Life Insurance due to a reckless investment and poor supervision.