Taiwan to Merge Four State Asset Managers Into $12 Billion Firm

Taiwan plans to merge its four state-backed asset managers into a local fund giant with about $12 billion of assets, as the government seeks consolidation in the island’s financial industry...

By Betty Hou, Cindy Wang · Bloomberg Markets

Taiwan plans to merge its four state-backed asset managers into a local fund giant with about $12 billion of assets, as the government seeks consolidation in the island’s financial industry to boost its competitiveness.