Reported 8 months ago
On June 21, 2024, E. Sun Financial Group announced the appointment of new legal representatives and independent directors for its subsidiary E. Sun Securities, with former Taiwan Depository & Clearing Corporation Chairman Zhu Hanqiang and National Chengchi University Professor Feng Zhenyu appointed as new independent directors. Additionally, the board of E. Sun Financial Group also decided to dissolve its subsidiary E. Sun Securities (Europe). The decision to dissolve the European branch was made in response to the impact of the EU's MiFID II directive on E. Sun Securities (Europe)'s revenue, for business development and profit considerations. The dissolution process is subject to FSC approval and may be completed in the second quarter of next year. E. Sun Securities (Europe) was registered in London in 1999, obtained FCA qualification to operate brokerage business in 2000, and provided services to institutional investors in the UK and Europe for investments in the Greater China market (Taiwan, Hong Kong, and Mainland China).
Source: YAHOO