Taipei: Taishin Financial Holding has completed its merger with Shin Kong Financial Holding, with their asset management subsidiaries becoming the first units to finalise integration.

According to BERNAMA News Agency, the merger, completed on November 24, consolidated Taishin Securities Investment Trust Co and Shin Kong Investment Trust Co into the surviving entity, Taishin Securities Investment Trust Co. The company now manages NT$530 billion in assets, ranking ninth in Taiwan and targeting NT$1 trillion in assets under management (AUM). (NT$100 = RM13.20)

Post-merger, the company will offer a broader product lineup, including investment-grade bond exchange-traded funds (ETFs), each exceeding NT$10 billion, along with popular thematic ETFs that have garnered strong investor interest.

A company statement announced the launch of two new actively managed ETFs this year to capture emerging opportunities and support wealth-building.

The board elected Lai Chao-yin as chairwoman. With nearly 30 years at the company, Lai will focus on integrating resources, recruiting talent, and developing innovative, market-aligned products. She emphasized strengthening discretionary investment services and believes the merger will accelerate progress toward becoming a trillion-dollar asset manager.

Meanwhile, Taishin Securities Investment Trust Co Vice Chairman, Sam Lin said the integration will combine strengths in asset management, product development, investment expertise, distribution, and risk management.

He added that the move will enhance discretionary services and expand offerings across both active and passive ETFs and mutual funds.

Its General Manager, Yeh Chu-chun noted that the company’s money market funds surpassed NT$160 billion as of September, maintaining market leadership for seven consecutive years. He said the company will continue serving institutional and high-net-worth clients with high-quality discretionary services to bolster long-term performance.