TAIPEI — Taiwan's ultra-wealthy are keeping their assets in their home market despite escalating tensions with China, betting that the island's tech industry will continue to bring in robust returns, a senior Cathay Financial executive said.
Robert Fuh, chief executive of Cathay Financial's private banking unit, added that the division was confident enough of its prospects to expand and plans to increase its headcount of 180 by as much as 10 percent next year.