Fubon Bank Appoints Executive Vice President

Fubon Bank (Hong Kong) Limited has appointed Mr. James Yip as an Executive Vice President and Deputy Head of Financial Markets Group of the Bank with immediate effect.

Being a member of the senior management, Mr. Yip will contribute to the strategic developments of the Bank. On a day-to-day basis, he will assist the Head of Financial Markets Group in directing the Bank's business in financial markets including securities and treasury services. Mr. Yip will also take a proactive role in managing the bank-wide assets and liabilities functions, funding management and trading.

Mr. Yip has over 30 years' experience in the financial markets with major international banks in the Asia Pacific region. Before joining the Bank, he was the Chief Executive Officer of iMarkets Limited, a subsidiary of Cheung Kong (Holdings) Limited.

Mr. Yip holds a Master of Applied Finance from Macquarie University, Australia.

Fubon Bank is a full-service banking corporation in Hong Kong providing a wide range of banking and financial services including consumer finance, retail and commercial banking, equipment leasing and investment services. Fubon Bank services its customers through 28 service outlets including Superbranches, Ambassador Centers and Securities Services Centers as well as ATMs, PhoneBanking, and e-banking service at www.fubonbank.com.hk. Fubon Bank is listed on The Stock Exchange of Hong Kong Limited and is rated A-2 short-term, BBB+ long-term by Standard & Poor's. Fubon Financial Holding Co., Ltd., a leading Taiwan financial institution, acquired a 75% shareholding in Fubon Bank in April 2004.