KGI Financial Holding Co., Ltd. (KGI Financial; ), formerly China Development Financial Holding Co., Ltd. (CDF), is a Financial Holding Corporation in Taiwan founded by Jeffrey Koo Sr. and the Koo Family. It mainly does business with its key subsidiaries the CDIB Capital Group, KGI Securities, KGI Bank and KGI Life. Today, the company is chaired by Angelo Koo, the fourth-generation of the Koo Family.
Development history
In 1959, China Development Corporation was established through the collective efforts of the Economic Stabilization Committee of the Executive Yuan, the World Bank, and public capital as Taiwan's financial institution focusing on direct investments.[1]
In 1999, China Development Corporation was restructured as China Development Industrial Bank (CDIB).
In December 2001 China Development Financial Holding Co., Ltd. (CDF) was established by way of a stock swap. On November 8, 2002, the Grand Cathay Securities Corporation and Elite Securities became subsidiaries of CDF through a stock swap. On December 31, 2003, CDF merged Grand Cathay Securities and Elite Securities.