Sinopac Financial Holdings

#2022

Rank

$6.88B

MarketCap TW

TW Taiwan

Country

Summary
SinoPac Financial Holdings Company Limited, through its subsidiaries, provides banking, securities, investment trust, leasing, and venture capital services worldwide. It operates through Banking, Securities, Venture Capital, and Other Business segments. The company offers commercial banking services, such as corporate banking, retail banking, wealth management, financial services, digital banking, etc. It also provides broking, proprietary trading, underwriting, international business, fixed income, financial products, etc.; installment sale and purchase, lease, real estate lease, and other financing services; and products and services in the areas of mutual funds, discretionary accounts, and private equity. In addition, the company assists in deal sourcing, business cooperation, establishing strategic partnerships, and creating value in its portfolio companies; and provides factoring, fund management, asset management, insurance brokerage, and corporation management services; and offers venture capital investment services. It operates 125 branches, including 83 branches in the greater Taipei area, with service locations in major metropolitan areas in the central and south, Hualien, and Kinmen. The company was founded in 1948 and is based in Taipei City, Taiwan.

History

The bank was founded by Samuel Yin and Paul Lo in 1992 as Taiwan liberalized its banking regulations. As Taiwan continued to liberalize its financial market, SinoPac acquired a securities business from the Hong family of local fame in early 2000s. In late 2005, SinoPac merged with the International Bank of Taipei. SinoPac, like many other Taiwanese financial institutions, has branches and operations in the United States and major Asian cities; however, SinoPac is unique in its foresight in building on-the-ground business in the US and China. Far East National Bank, a wholly owned California chartered bank was acquired in 1997; SinoFirst, located in Shanghai, China, was acquired in late 1990s.

In 2017, Taiwan's banking regulator, the Financial Supervisory Commission, ordered SinoPac chairman Ho Shou-chuan to step down following revelations he extended generous loans to "an offshore company with no real operations with high investment by the Yuen Foong Yu Group" which was controlled by SinoPac's founding Ho family. Ho Shou-chuan has not faced legal repercussions.


Mission
Sinopac is dedicated to helping customers achieve their financial goals through the development and delivery of innovative and comprehensive financial services.

Vision
Sinopac strives to be the leading financial and investment services provider in Asia by providing superior services, products and advice to our customers.

Key Team

Ms. Hsiang-Yuan Chang (Chief Account & Sr. VP of CFO Office)

Mr. Huei Tsung Wu (Deputy Head of Information & Technology Division)

Ms. Annie Lin (VP of Investor Relations)

Ms. Patricia Lin (Chief Compliance Officer and Head of Legal & Compliance Division)

Mr. Chia-Hung Liao (Head of HR Division)

Mr. Robert Tsai (Head of Information Technology Division)

Ms. Eliza S. I. Chen (Sr. VP of Chief Operation Officer Office and Director of Sinopac Call Center Co Ltd)


Recognition and Awards
Sinopac has won awards and recognitions both in Taiwan and around the world, including a 2018 Assetman Award, the “Best of the Best Award” from FinanceAsia and the Top 100 Financial Services Group in the World by Brand Finance in 2017.

References
Sinopac Financial Holdings
Leadership team

Mr. Shih-Ting Chu (Pres & Director)

Ms. Kerry Hsu (CFO, Spokesperson & Head of Fin. Management Division)

Mr. Hsin Ho (Head of Operations Management Division)

Products/ Services
Banking, Finance, Financial Services, FinTech
Number of Employees
1,000 - 20,000
Headquarters
Taipei, T'ai-pei, Taiwan
Established
2002
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
2890.TW
Social Media
Thu Feb 29 2024
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