First out of the traps in the race to lead the FIG revolution in Taiwan appears to be ING Barings. It has just been mandated as Chang Hwa Commercial Banks adviser.
In a six-week project, ING Barings will undertake an operational review of the bank, and give it advice on future MA strategy as well as capital and fund raising avenues. It is a significant mandate, given that Chang Hwa is Taiwans fifth biggest bank by assets.
It is also one of the three government-influenced commercial banks along with First Commercial and Hua Nan and is around 30-40% government-owned via various entities.
Chang Hwas appointment of ING Barings will...