Cathay United Bank Chairman Kuo Ming-chien Resigns as Cathay SITE Director; Investor Compensation Planned

Former Cathay United Bank Chairman Kuo Ming-chien also served as a director of Cathay Securities Investment Trust and an independent director of Alchip Technologies, or Alchip-KY. Because Cathay Securities Investment Trust funds invested in Alchip-KY, the appointments triggered related-party transaction rules and raised questions over outside positions and internal controls. The case has implications for governance at one of Taiwan’s largest financial groups and requires Cathay Securities Investment Trust to recalculate fund net asset values and compensate investors.

Cathay Financial Holdings announced on June 26, 2026, that Kuo had resigned with immediate effect from his positions at the holding company, Cathay United Bank and Cathay Private Equity. Bank Vice Chairman Tsai Tsung-han was named acting chairman. In a further statement on June 30, Kuo said all outside appointments had been reported and complied with laws and regulations, and that he had declined an invitation to become a senior adviser. Compensation for eight affected funds totaled about NT$490 million and covered roughly 50,500 beneficiaries.