Concord Securities Corp's first operating office was established in 1990 with merely tens of employees and NT $1.35 billions of paid-in capital. By 1996, when we became a public listed company, our company size has expanded to almost a thousand employees, 30 operating offices throughout Taiwan, and the capital has also increased over NT $6 billion. In the last 16 years, we have completed listing on the OTC, expanded business scopes and step by step created Concord Capital Management, Concord Futures, Concord Futures Management, KBC Concord Asset Management Co. Ltd., Concord Asset Management and a number of local and oversea investment companies, such as Taiwan Concord Capital Securities, Ltd. We also provide comprehensive international investment services in Taiwan, Hong Kong, and Europe. These accomplishments are the joint efforts of all staffs.
Since establishment, Concord Securities Group have been committed to our operating principals of " Integrity, Stability, Service, and Continuity " ; We are undergoing corporate reengineering in order to make the management structure more diversified, professional and internationalized. Internally, we focus on our risk management and actively enhancing staff training and cultivating talents and building on a better prospect for the Group. After all, Human resources are the corner stones of Concord Securities Group's continuous growth.
Hsiu-Pong Teng
Chairman
I hope that all Concord staffs maintain highly spirited in work place thus creating higher working efficiency. For our staffs, we embrace the principle of " Self-discipline is the foundation and loyalty is the cornerstone " creating a highly dedicated environment and promoting self-discipline and achieve the best managed company but with the least managed efforts.
Since establishment, Concord Securities Group have been committed to our operating principals of " Integrity, Stability, Service, and Continuity " ; We are undergoing corporate reengineering in order to make the management structure more diversified, professional and globalized. Internally, we focus on our risk management and actively enhancing staff training and cultivating talents and building on a better prospect for the Group. After all, Human resources are the corner stones of Concord Securities Group's continuous growth. I hope that all Concord staffs maintain highly spirited in work place thus creating higher working efficiency. For our staffs, we embrace the principle of “Self-discipline is the foundation and loyalty is the cornerstone” creating a highly dedicated environment and promoting self-discipline and achieve the best managed company but with the least managed efforts.
Looking forward, at present we have Brokerage, Proprietary, Underwritings, Fixed Income and New Financial Products Departments, at the same time we must continue to develop different derivative products and expand the business scopes of Concord Capital Management Corp, KBC Concord Asset Management Co. Ltd., Futures, Managed Futures and Hong Kong subsidiaries. Due to the ever changing market environment, we are actively promoting e-Commerce and building an international trading platform. In terms of international business, in 2007, Concord Securities Group not only became the General Representative of KBC Asset Management N.V., a leading European based financial institution, but also had a joint venture in the “Sunrise Asset management” with KBC Asset Management N.V. this is also the first time in the Taiwan securities history that the Taiwan Securities company joint ventured a Securities Investment Trust Enterprise in Taiwan with a foreign financial company. Alliance with the KBC group could develop not only the domestic but also international mutual fund market, this takes the Concord Securities Group into a new domain of international finance. In the future, through the Hong Kong subsidiary, we seek to establish a completed and diversified platform across the Taiwan straits, thus integrating Concord Securities Group into the internationalized financial world.
Due to the hard work of our management team, the EBIT was NT760000000 in 2007, the mutual fund sales and the margin loan had also reached multi-billion NT dollar, the Rating have also being raised from BBB+(twn) to A-(twn) in 2007. Hence, we are constantly improving our working environment and benefit for our employees, as well as achieving higher returns for our shareholders. Under a continual changing environment, it is my priority to achieve "capital maximization, business diversification, electronic trading, international operation", as well as improving performances and competitiveness for a better prospect.
As the chairman of Concord Securities Group, I was also acting as the president of the Chinese National Futures Association (CNFA), I am honored and proud that this is a recognition for Concord Securities Group from our peers in the industry. While making every effort for a better future, Concord Securities Group must enhance our corporate image and become a role model for the industry; in addition we must be adhere and perform our roles as a member of the industry and establish a better prospect for the entire industry.
Sincerely
Hsiu-Pong Teng
Chairman, Concord Securities Corp.
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