Chunghwa Post finalizes fund managers

Mar 8, 2005

Naming Citi its custodian, the $113 billion Taiwanese institution prepares for its first investment outsourcing.

Chunghwa Post, Taiwan's postal savings and insurance institution with NT$3.6 trillion ($113.2 billion) of assets under management, plans to choose five external fund management companies to outsource a total of $500 million in global investment mandates, says Yen Yung-an, director of capital operations.

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