CTBC names new president

MANILA, Philippines–The Chair of CTBC Bank (Philippines) Corp., Jack Lee, announced the appointment of veteran banker Steve Tsai as the bank’s new president, chief executive officer and concurrent member of the board of directors effective March 1, 2015.

Tsai succeeds Mark Chen who will move to CTBC Bank Singapore as country head.

“Tsai’s industry expertise, wealth of international experience and highly decorated academic background would significantly propel CTBC Bank Philippines to even greater heights,” says Lee.

Prior to his appointment as president, Tsai held leadership roles with CTBC Bank for international private banking, treasury, corporate planning, product development and corporate trust.

Before joining CTBC Bank, Tsai was with JP Morgan Chase where he rose to the position of vice president for Treasury. He started his career as a management trainee at Bank of America.

Tsai holds a B.S. Economics degree from the National Cheng-Chi University, and has three master’s degrees: an MBA in Information Management from the National Taiwan University; MBA in International Trade from the National Cheng-Chi University; and a Master of Philosophy degree in Accounting and Finance from the Lancaster University in the United Kingdom.