The Taiwan Stock Exchange (TWSE) announced the promotion of exchange insider Michael Lin yesterday. He becomes the exchange’s new president and succeeds Samuel Hsu.
Michael Lin joined the Taiwan Stock Exchange as a senior executive vice president in October 2006.
Before then, he served as senior executive vice president of the Taiwan Depository and Clearing Corporation. Earlier in his career, he worked at the Fiscal Information Agency under Taiwan’s Ministry of Finance, and at the Postal Savings Bureau.
TWSE had turnover of US$46.5 billion last month, a fall from US$57.6 billion in May, according to Thomson Reuters Equity Share Reporter. Volumes in Taiwan, where TWSE accounts for 99% of flow, were US$289 billion for the first half of this year, compared to US$344 billion for the same period in 2012.