Ta Chong Bank Announces Senior Appointments;Edmund Koh as President to Lead the Bank’s Expansion;Raymond Ang as Head of Consumer Banking and Mun-Yew Chew as Chief Operating Officer and Head of Strategy

Taiwan - The Board of Directors of Ta Chong Bank announced today it has named Edmund Koh as President along with other senior management appointments. In his new role, Mr. Koh will lead the bank’s long-term growth initiatives in all business lines including wealth management. He is expected to begin his duties on April 28th.

Mr. Koh will succeed Mr. Jerry Chen who has decided to step down after four years of valued service at Ta Chong Bank. Mr. Chen will stay on as a Senior Advisor to Ta Chong Bank.

Mr. Koh came to Ta Chong with twenty years of senior management experience in the banking industry. Most recently, he was a Managing Director and Head of Regional Consumer Banking Group at DBS Bank in Singapore. During his tenure at DBS between 2001 and 2008, Mr. Koh had significantly grown DBS’ consumer banking franchise across Asia. Prior to DBS, he was Chief Executive Officer of Prudential Assurance Company, the second largest insurance company in Singapore, after leading various functions at Citibank for six years. Mr. Koh worked at HSBC Group between 1988 and 1994.

Today’s appointments also included Raymond Ang as Head of Consumer Banking and Mun-Yew Chew as Chief Operating Officer and Head of Strategy. They will come on board on April 18th.

Chien-Ping Chen, Chairman of Ta Chong Bank, said: “I am delighted to welcome Edmund to Ta Chong Bank. He has a distinguished career in the Asian banking industry and has strong credentials in building successful businesses and entering new territories. We are also excited with the additions of Raymond and Mun-Yew, who will help strengthen our international best practices across critical functions.”

“The combination of Ta Chong, one of the quality names in Taiwan, and Carlyle, the leading global private equity firm known for its extensive support of portfolio companies, makes this a compelling opportunity for me. I am honored to have the opportunity to work with a distinguished management team at Ta Chong. Together we will work towards creating more innovative and relevant bank products and services to our existing and new customers,” said Edmund Koh.

Greg Zeluck, Vice Chairman of the Board of Directors of Ta Chong Bank, said: “These accomplished managers will be invaluable assets to the bank. Their proven leadership will add significant strengths to Ta Chong’s existing team and franchise. We are confident that the new leadership will take Ta Chong’s banking platform to a whole new level.”

Raymond Ang was a Managing Director and Chief Operating Officer of DBS’ Consumer Banking Group from May 2006 and Head of Cards and Unsecured Lending from January 2004 until his recent departure. He held various positions in consumer banking and credit card divisions during 2001-2008. He oversaw DBS’ strategy development for consumer banking and was responsible for growing its regional footprint in key emerging markets including Indonesia, India and Thailand with focus on the wealth management sales and lending businesses. He started his banking career at Citibank in 1996.

Mun-Yew Chew was a Senior Vice President and Regional Head of Strategy & Business Transformation at DBS’ Consumer Banking Group between 2005 and 2008. He formulated and executed the business strategy of consumer banking. Previously, he was Regional Director and Head of Government Affairs and Strategy for Asia Pacific at American Express from 2003-2005 after spending five years at the Monetary Authority of Singapore.

Ta Chong Bank is a portfolio company of Carlyle Asia Partners (CAP) with a total committed capital of US$2.55 billion. Under the leadership of X.D. Yang and Greg Zeluck, CAP engages in large control and strategic minority investments throughout non-Japan Asia. CAP has the largest geographic presence in the Asian private equity industry and one of the largest teams of investment professionals working out of six offices in Hong Kong, Mumbai, Seoul, Shanghai, Singapore and Sydney.

* * * * *

About Ta Chong Bank
Ta Chong Bank Limited, with total assets of about NT$337 billion, is primarily engaged in deposit-taking, lending, guarantee and trust activities, selling of government bonds, trading of derivative products, and wealth management. The bank has over 2,700 employees and over 50 branches in Taiwan.

# # #