Benny Hu

Benny Hu is appointed by the President of the Republic of China as an Ambassador-at-large representing ROC's international economic interests. Previously， he was the former President of China Development Industrial Bank， the largest investment bank in Taiwan. He grew the bank from US$160 million paid in capital to over US$1.86 billion， and the market cap of the bank increased from US$926 million to US$5 billion during tenure. He also expanded business of the bank to the United States， Great Britain， Japan， Hong Kong， Korea， Australia， and Philippines. Of the 250 companies invested during tenure， 62 companies had IPOs and 10 were acquired. He was also the Chairman of Chung Hwa Lone Star Assets Management Corp.， a joint venture between U.S. based Lone Star Group and China Development Industrial Bank to handle distressed assets in Taiwan， and it is the first asset management company established in Taiwan. Prior to CDIB， Mr. Hu was the Chairman of the Board and the President of China Securities Investment Trust Corp.， a joint venture among CDIB， Fidelity Investment， Merrill Lynch， Yamaichi Securities and Bangkok Bank. He also launched Taiwan Fund， the first NYSE-listed single-country fund focusing on Taiwan and Taiwan ROC Fund， the first country fund for foreign investors. Mr. Hu received his MBA degree from Wharton School of University of Pennsylvania. Now he is the chairman of CDIB BioScience Venture Management （USA）， Inc.