Joseph Lyu Explained

Joseph Lyu
Native Name Lang:zh-hant
Office1:Chairman of Taiwan Financial Holdings Group
Term Start1:20 May 2016
Term End1:3 February 2023
Predecessor1:Catherine Lee
Successor1:Shen Jong-chin
Office2:Minister without Portfolio
Term Start2:4 July 2006
Term End2:September 2006
Primeminister2:Su Tseng-chang
Office3:26th Minister of Finance
Primeminister3:Su Tseng-chang
Term Start3:25 January 2006
Term End3:3 July 2006
Predecessor3:Lin Chuan
Successor3:Ho Chih-chin
Birth Date:1956 12, df=y
Nationality:Taiwan
Alma Mater:National Chengchi University
Northwestern University

Joseph Lyu or Lyu Jye-cherng (; born 15 December 1956) is a Taiwanese business executive and politician.

Education

Lyu attended National Chengchi University and Northwestern University.[1]

Career

Lyu worked for BNP Paribas and the Bank of New York Mellon, among other institutions.[2] In July 2000, while serving as the vice president of KBC Bank in Taiwan, he accepted an appointment to the China Airlines board of directors.[3] By 2002, Lyu was the vice chairman of the Commission of National Corporations, a division of the Ministry of Economic Affairs.[4] [5] In this position, he acted as the commission's spokesman, announcing several moves involving state-owned enterprises.[6] [7] Lyu was named to the board of the China Aviation Development Foundation (CADF) in June 2002. At the time, CADF held a majority of shares in China Airlines.[8] After Mao Chi-kuo stepped down as chairman of Chunghwa Telecom in January 2003, Lyu was considered a potential successor.[9] However, Lyu remained at the Commission of National Corporations for a time.[10] Later that year, Lyu left both the Commission of National Corporations and China Airlines.[11] [12] In June 2004, Lyu succeeded Chen Mu-tsai as chairman and president of the Bank of Taiwan.[13] [14] Concurrently, Lyu also served on an economic advisory committee led by Lin Hsin-i.[15] [16] During his tenure, the merger of the Bank of Taiwan with the Central Trust of China was approved.[17]

In January 2006, Lyu was appointed finance minister, replacing Lin Chuan.[18] [19] Lyu took office on 25 January 2006.[20] Lyu left the cabinet in September to chair King's Town Bank.[21] In January 2008, Lyu became the chairman of Mega Financial Holding Company.[22] [23] Wang Rong-jou replaced Lyu in July.[24] In August 2016, Lyu was named to a government taskforce convened to probe the New York branch of Mega International Commercial Bank.[25] Later, Lyu returned to Taiwan Financial Holding, and the Bank of Taiwan as chairman.[26] [27]

Notes and References

  1. News: Jye-Cherng Lyu. 28 January 2018. Bloomberg.
  2. News: Huang. Joyce. Joseph Lyu tapped to head Mega. 28 January 2018. Taipei Times. 2 January 2008.
  3. News: Chou. Cybil. CAL board gets itself a makeover. 28 January 2018. Taipei Times. 5 July 2000.
  4. News: State-run firms plan layoffs. 28 January 2018. Taipei Times. 17 April 2002.
  5. News: CPC says CNOOP deal far from signed. 28 January 2018. Taipei Times. 14 May 2002.
  6. News: State-run firms: Stand-in chief sought. 28 January 2018. Taipei Times. 22 June 2002.
  7. News: Government to speed up large sell-off. 28 January 2018. Taipei Times. 3 November 2002.
  8. News: Ko. Shu-ling. Some question airline's privatization. 28 January 2018. Taipei Times. 2 June 2002.
  9. News: Chunghwa defends chairman after ouster report. 28 January 2018. Taipei Times. 4 January 2003.
  10. News: Chunk of oil giant to be sold. 28 January 2018. Taipei Times. 17 January 2003.
  11. News: Huang. Joyce. Tsung sprouts new wings. 28 January 2018. 29 May 2003.
  12. News: Ho. Jessie. Water prices will be doubled soon, officials promise. 28 January 2018. Taipei Times. 2 September 2003.
  13. News: Huang. Joyce. Cabinet approves reshuffle of state banks' top brass. 28 January 2018. Taipei Times. 9 June 2004.
  14. News: Huang. Joyce. Joseph Lu takes over as new Bank of Taiwan chief. 28 January 2018. Taipei Times. 29 June 2004.
  15. News: Huang. Tai-lin. Chen meets with economic advisors as growth jumps. 28 January 2018. Taipei Times. 24 August 2004.
  16. News: Huang. Joyce. Bankers laud Chen's consolidation plans. 28 January 2018. Taipei Times. 21 October 2004.
  17. News: Lin. Jackie. Latest bank merger does not make sense: analysts. 28 January 2018. Taipei Times. 19 November 2005.
  18. News: Lin. Jackie. Ho. Jessie. New ministers of economics and finance appointed. 28 January 2018. Taipei Times. 21 January 2006.
  19. News: Lin. Jackie. Chung. Amber. New ministers have tough rows to hoe. 28 January 2018. Taipei Times. 24 January 2006.
  20. News: Lin. Jackie. New finance minister keeps low profile. 28 January 2018. Taipei Times. 25 January 2006.
  21. News: King's Town woos Lyu. 28 January 2018. Taipei Times. 26 September 2006.
  22. News: Lyu appointed to Mega job. 28 January 2018. Taipei Times. 15 January 2008.
  23. News: Huang. Joyce. Lyu confirmed as chairman of Mega Financial Holding. 28 January 2018. Taipei Times. 16 January 2008.
  24. News: Hsu. Crystal. Wang Rong-jou takes over the reins at Mega Financial. 28 January 2018. Taipei Times. 16 July 2008.
  25. News: Chen. Wei-han. Cabinet task force to probe Mega Bank. 28 January 2018. Taipei Times. 31 August 2016.
  26. News: Chen. Ted. Taiwan Financial to back policies on urban renewal. 28 January 2018. Taipei Times. 17 February 2017.
  27. News: Hsu. Crystal. Bank of Taiwan to back renewal. 28 January 2018. Taipei Times. 10 June 2017.