Thomas Wu

Thomas Wu: Career Highlights

Thomas Wu's career is marked by several significant achievements. In 1992, he founded Taishin International Bank through a merger. A decade later, in February 2002, he established Taishin Financial Holdings.

Wu has also been involved in numerous merger and acquisition attempts. In 2003, he announced plans to merge Taishin Financial Holdings with Taiwan Securities Company and Taishin Bills Finance Corporation. He later explored a merger with Shin Kong Financial Holding, led by his brother Eugene.

In 2004, Wu considered a merger with First Financial Holding and partnered with Test Rite International to securitize Time Plaza. He also made significant changes to the Taishin Financial board, terminating several members close to his brother Eric.

Wu's career has also been marked by a chairmanship dispute with his brother Eric. The two were involved in an investigation for insider trading, but the conflict was eventually resolved. Thomas Wu yielded the chairmanship of Shinkong Synthetic Fibers to Eric and was named chairman of Taishin Financial Holdings.

In recent years, Wu has been actively involved in the merger of Taishin Financial Holdings and Chang Hwa Commercial Bank. The merger faced challenges and was stalled by the Executive Yuan, leading to the sale of Taishin Securities Company. However, Taishin Financial shareholders approved a resolution to pursue legal action for the merger, and Chang Hwa executives formally backed the merger.