TRIPLE A AWARDEE 2014
Highly regarded in Taiwan’s financial and capital market industry, William Li-Yueh Huang was instrumental in building Taiwan’s agricultural credit and finance system when he first started as the chairman of Taiwan’s Agriculture Credit Guarantee Fund and lateras chairman of Taiwan’s Agriculture Bank. He has devoted more than 30 years of his career in two major business fields: the capital market, and agricultural finance.
From 1980 to 2000, Taiwan’s stock market experienced a bullish trend with the Taiwan Stock Weighted Index (TSWI) rising from 636 in 1985 to a historical high of 12,682 in 1990, and 10,393 in 2000. During this period, Huang aggressively participated in the capital market as a turnkey starter by setting up three investment advisory companies, two investment trust companies and one integrated securities house.
Huang was further delegated by the Taiwan Stock Exchange (TSE) and the Brokerage and Dealers Association of Taipei to lead researches on the best model of merger and acquisition for Taiwan’s securities houses, and a feasibility study on setting up a second Securities Finance Institute in Taiwan. His excellence in the industry has been widely recognized as he has been hired as consultant for over 50 securities brokerage houses.
Huang eventually gave up his high-income job in the capital market to contribute to society, by improving the lives of farmers, fishermen, their households, and agricultural enterprises. In February 2004, he accepted an appointment by the prime minister of Taiwan to act as chairman of the Agricultural Credit Guarantee Fund (ACGF), to rectify the long existing problems of Taiwan’s agricultural finance industry. After 14 months of rectification, Huang was able to increase sales by 243% on total credit guarantee cases. In addition, he was responsible for the increase in the number of credit guarantee cases from farmers’ and fishermen’s associations by 350% over the same period of 2004. After a five year loss, Huang was able to achieve a net profit for ACGF with NY$1.9 billion earnings by the end of 2005.
In May 2006, Huang was again appointed to be chairman of the Agriculture Bank of Taiwan (ABT) which is commissioned by the government to supervise the management of nearly 300 members of the Farmers and Fisherman’s Association (FFA) in Taiwan. The FFA is the financing platform for Taiwan’s farmers, fishermen, their households, and agricultural enterprises. Huang was able to reduce the NPL ratio of the farmers’ and fishermen’s association by August of 2007 to 6.89% from 13.48% in May 2005 when the Agricultural Bank of Taiwan was established. In 2006, the bank successfully contributed NT$1200 million interest for the farmers’ and fishermen’s associations. These achievements resulted in a rating of “twAA+” in long-term credit rating and “twA-1” in short-term credit rating from the Taiwan Rating Services in March 2007.
Huang has also lectured in the department of business administration as a part time instructor for the Tam Kang University and Fu Jen Catholic University, and was employed as a part time assistant professor to teach MBA and EMBA classes at Kai-Nan University and Southern Taiwan University since 2010. Because Huang had applied the “case study” teaching methodology learned from AIM, his classes were very much appreciated by his students.
As the chairman of Taichin Securities Co., Ltd., Huang’s exceptional leadership continues as the company’s underwriting department remains outstanding in the IPO and SPO market. His contributions, not only in the stock market but also in agricultural finance is indeed worthy of emulation as he continues to make a difference in the lives of many.