Revamped First Bank to raise portfolio spreads

First Bank, the main unit in Taiwan's First Financial Group, has an ambitious target of raising spreads on its investments as much as 10 basis points more than what its treasury operations currently yield, says Jeson Liu, executive vice president. Key to this will be expanding its exposure in non-New Taiwan dollar securities and structured products. The bank is also keen to offer more sophisticated structured products to its clients, but as a first step must invest in these with it…