Fubon AM replaces chairman after surprise resignation
The firm names Shi Gang to replace Thomas Tsao, with local media speculating that the latter's management style was in conflict with the parent company's corporate culture.
Fubon Asset Management has appointed Shi Gang as its new chairman after former incumbent Thomas Tsao quit, according to a filing released by parent Fubon Financial Holding this week.
Tsao’s sudden resignation has come as a surprise as his term at Fubon AM was due to run for three years from October 1, 2009. Local media has speculated that his exit was because his management style conflicted with the corporate culture of the parent company.
Fubon Financial Holdings declined to co…
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