Taiwan Central Bank Announces Department Head Retirement, Successor

The Central Bank of Taiwan has announced a major personnel change within its ranks. Xie Feng-ying, the long-serving director of the Department of Monetary Affairs, often referred to as the "number one department in the country," will retire on July 16 upon reaching the mandatory retirement age.

Following a joint meeting of the central bank's directors and supervisors, Tao Hui-heng, the current deputy director of the department, has been approved for promotion to the director position. Her appointment will be effective from July 16, 2026.

Tao Hui-heng, 61, holds a bachelor's degree in economics from National Taiwan University and a master's degree from the University of Wisconsin. She joined the central bank on September 18, 1991. Throughout her career, she has held various positions within the Department of Monetary Affairs, including specialist, deputy section chief, deputy researcher, section chief, and supervisor. She was promoted to deputy director on January 16, 2023.

The bank noted Tao's proactive and responsible work ethic, her familiarity with the money market and financial affairs, and her capabilities in management and administrative leadership. The bank also requested that no flower baskets or gifts be sent, adhering to principles of frugality.