February 1, 2018 / 3:21 AM / 10 months ago

Taiwan appoints new central bank governor

A man is seen reflected next of the Taiwan's Central Bank logo in Taipei, Taiwan March 24, 2016. REUTERS/Tyrone Siu/File Photo

TAIPEI (Reuters) - Taiwan’s government has appointed Yang Chin-long, deputy governor of the island’s central bank, as its next governor, a government official said on Thursday.

Yang will replace Perng Fai-nan at the helm when the 79-year-old financial veteran retires this month. The news confirmed a source-based Reuters report on Saturday that Yang would take on the position.

Perng, the central bank’s governor for 20 years, will become a central bank adviser when his term expires, the sources told Reuters.

Yang was born in 1953. The 64-year-old holds a doctorate degree from the Institute of Economic Research at the University of Birmingham.

Before becoming the central bank’s vice governor, Yang was director of the bank’s London representative office.

Reporting by Jeanny Kao in TAIPEI; Writing by Lee Chyen Yee; Editing by Jacqueline Wong and Sam Holmes

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