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Fubon Financial names new chairman

FubonFinancial Holding Co. Ltd. named Richard Tsai, the group's vicechairman, as its new chairman, Reuters reported Oct. 12.

Richard Tsai will also become the chairman of the company'sunit, Fubon Life Insurance Co.Ltd.

Richard Tsai replaces Daniel Tsai as chairman of FubonFinancial, as the latter will become vice chairman of the group and chairman ofTaiwan Mobile Co.