Bloomberg
Cathay Financial Holding Co (國泰金控), Taiwan’s biggest financial holding group, is dealing with fallout after a member of the conglomerate’s founding Tsai family allegedly attacked the chairman of its banking unit.Tsai Chen-yu (蔡鎮宇) allegedly attack Cathay United Bank Co (國泰世華銀行) chairman Kuo Ming-jian (郭明鑑) at its Taipei headquarters on Tuesday, according to a statement from the bank yesterday. Law enforcement personnel responded to a call from the building, local media reported.
The Cathay Financial Holding Co headquarters is pictured in Taipei in an undated photograph.
Photo courtesy of Cathay Financial Holding Co
Cathay United Bank castigated Tsai in the statement, characterizing the attack as an inappropriate reaction to a “misunderstanding” over Kuo’s external business roles.Tsai Chen-yu, the youngest son of founder Tsai Wan-lin (蔡萬霖) and brother of Cathay Financial chairman Tsai Hong-tu (蔡宏圖), does not hold an official role at the conglomerate. He could not be reached for comment.
