Dominic Ng

Dominic Ng (simplified Chinese: 吴建民; traditional Chinese: 吳建民; pinyin: Wú Jiànmín) is an American banker who has been chairman, president and CEO of Los Angeles–based East West Bank since 1991.

In this Chinese name, the family name is Ng.
Dominic Ng
Chinese: 吳建民
Born1959 (age 63–64)
Hong Kong
Alma materUniversity of Houston
Occupation(s)Chairman, president and CEO, East West Bank

Ng served on the board of directors of the Federal Reserve Bank of San Francisco, Los Angeles Branch, from 2005 to 2011 and was appointed by the Biden administration to be a U.S. member of the Asia-Pacific Economic Cooperation Business Advisory Council in 2022.[1]

Early life and education

Ng was born in Hong Kong in 1959[2] and earned a bachelor's degree from the University of Houston.

Career

Ng spent ten years as a Certified Public Accountant with Deloitte in Houston and Los Angeles.[3]

In 1991, Ng was hired by Pasadena-based East West Bank to be its third chairman, president and CEO.[4]

Ng has served on numerous boards of directors including those of the Federal Reserve Bank of San Francisco, Los Angeles Branch,[5] the Academy Museum of Motion Pictures,[6][7] Mattel,[8] the Asia Society,[9] Los Angeles Mayor's Trade Advisory Council,[10] United Way of Greater Los Angeles,[11] PacifiCare Health Systems[12] and Town Hall Los Angeles. He is on the board of trustees at the University of Southern California[13] and the Board of Visitors of the Anderson School at UCLA.[14]

Participation in China–U.S. relations
See also: China–United States relations

Ng has been involved in various facets of China–U.S. relations, cultural and political, for much of his career. He has been a speaker at the Boao Forum for Asia,[15] China-United States Exchange Foundation (CUSEF),[16] the Asia Society,[17] the Chinese CEO Organization, Federal Reserve Bank, Los Angeles County Economic Development Corporation, Milken Institute,[18] and the United States Conference of Mayors.[19]

Ng has advocated for and sponsored the showcasing of Chinese culture and art by major U.S. institutions including Los Angeles County Museum of Art, the Museum of Contemporary Art, Los Angeles,[20] Huntington Library,[21] Bowers Museum,[22] and the USC Pacific Asia Museum.[23]

In 2000, Ng became a member of Committee of 100[24] and served as chairman from 2011 to 2014.[25] In 2013, Ng met with Li Keqiang while traveling to Beijing as part of a Committee of 100 delegation.[26] In March 2015, Ng served as an "overseas representative" at the Chinese People's Political Consultative Conference (CPPCC) in Beijing.[27] In 2018, Ng advocated for the U.S. companies to "be more aggressive in finding various channels to get involved" in the Belt and Road Initiative.[28]

Asia-Pacific Economic Cooperation Business Advisory Council

In 2022, Ng was appointed by the Biden administration to be a U.S. member of the Asia-Pacific Economic Cooperation Business Advisory Council,[1] and later that year was announced to chair the 2023 APEC summit to be hosted by the U.S.[1] In February 2023, Republican representatives asked the FBI to investigate Ng's ties to front organizations of the Chinese Communist Party's United Front Work Department,[29] citing his being listed as an executive director of the China Overseas Exchange Association (COEA) between 2013 and 2017[30] and of the China Overseas Friendship Association (COFA) starting in 2019.[31] A spokesperson for East West Bank described Ng's position with the COEA as being strictly honorary and involving no attendance and stated that Ng had never accepted any position with the COFA.[29] Several members of the Congressional Asian Pacific American Caucus characterized the request for investigation as being fundamentally racist in nature.[32]

Honors and awards

Ng has been recognized for his work by the Los Angeles Times;[33] Forbes;[34][35] United Way Worldwide;[36] the Anti-Defamation League, Pacific Southwest Region;[37] the Sino-U.S. Times;[38] the Los Angeles Business Journal;[39][40] Los Angeles's Central City Association;[41] the Los Angeles Economic Development Corporation;[42] the Alfred Mann Foundation;[43] Ernst & Young;[14] American Banker;[44] and Lingnan University in Hong Kong.[45][46]

References
  1. "Dominic Ng Appointed to Chair APEC Business Advisory Council During U.S. Host Year in 2023" (Press release). U.S. Department of State. 25 July 2022. Archived from the original on 2023-03-30. Retrieved 2023-03-29.
  2. "Dominic Ng nndb.com". Archived from the original on 3 June 2016. Retrieved 25 May 2017.
  3. "East West Bancorp Inc (EWBC:NASDAQ GS)", Bloomberg Businessweek, July 2, 2012
  4. "investor.eastwestbank.com". Archived from the original on December 2, 2016. Retrieved Dec 2, 2016.
  5. "Federal Reserve System Organization: Annual Report 2010" Archived 2012-06-25 at the Wayback Machine, Board of Governors of the Federal Reserve System
  6. "Academy Brings Architect Renzo Piano to N.Y. to Tout Movie Museum Plans". variety.com. 16 April 2018. Archived from the original on 3 July 2020. Retrieved 19 June 2018.
  7. Welk, Brian (2019-11-06). "Laura Dern and 6 Others Added as Academy Museum Trustees". TheWrap. Archived from the original on 2020-07-23. Retrieved 2020-08-31.
  8. ""Mattel: Committees and Charters"". Archived from the original on 2012-06-23. Retrieved 2012-07-04.
  9. “Our Board” Archived 2015-08-03 at the Wayback Machine “Asia Society”
  10. "Tavis Smiley: China – Roundtable, Mr. Ng’s bio" Archived 2016-03-04 at the Wayback Machine PBS, July 15, 2011
  11. "About Us / Boards & Cabinets" Archived July 17, 2015, at the Wayback Machine, United Way of Greater Los Angeles
  12. "SECURITIES AND EXCHANGE COMMISSION: PACIFICARE HEALTH SYSTEMS, INC." Archived 2015-09-24 at the Wayback Machine, February 21, 2003
  13. Linan, Steve (2014-10-01). "East West Bank chairman Dominic Ng named USC trustee". USC News. Archived from the original on 2023-04-14. Retrieved 2023-04-14.
  14. "Dominic Ng of UCLA Anderson's Board of Visitors Named Entrepreneur of the Year in Financial Services" Archived 2012-06-14 at the Wayback Machine, June 22, 2001
  15. "Boao Forum for Asia- Agenda", Boao Forum for Asia, April 5, 2013
  16. "Thought Leaders Convene in Los Angeles to Chart Course for Growth and Opportunity through US-China Economic Cooperation in Next Decade" Archived 2013-06-21 at the Wayback Machine, PR Newswire, June 17, 2013
  17. "Dominic Ng: China, the US, and Public Perceptions" Archived 2013-04-14 at archive.today, Asia Society, March 11, 2011
  18. "Speaker's Biography: Dominic Ng" Archived 2014-09-12 at the Wayback Machine, Milken Institute
  19. Tom McClimon and Kay Scrimger, "Effective Export Strategies Begin With “Export More!”" Archived 2014-09-12 at the Wayback Machine, The United States Conference of Mayors, August 1, 2011
  20. Muchnic, Suzanne (2007-08-29). "MOCA's Chinese future". Los Angeles Times. Archived from the original on 2023-02-27. Retrieved 2023-02-27.
  21. "Huntington Library's new garden celebrates Chinese culture". Los Angeles Times. 2008-02-17. Archived from the original on 2023-02-27. Retrieved 2023-02-27.
  22. "Bowers Museum of Cultural Arts get $1 million gift". Orange County Register. 2005-12-12. Archived from the original on 2023-02-27. Retrieved 2023-02-27.
  23. "USC Pacific Asia Museum’s Autumn Moon Gala honors Dominic Ng" Archived 2020-07-05 at the Wayback Machine, USC News , Nov. 17, 2014
  24. "Committee of 100 - Member Roster". Archived from the original on 12 June 2017. Retrieved 25 May 2017.
  25. "Biography of Dominic Ng at Committee of 100". Archived from the original on 3 August 2017. Retrieved 25 May 2017.
  26. "李克强同美国百人会访华团代表会见并座谈交流". General Office of the State Council (in Chinese). November 2, 2013. Archived from the original on 2014-07-23. Retrieved 2023-05-01.
  27. "聚焦全国两会 热议复兴蓝图". Overseas Chinese Affairs Office (in Chinese). Archived from the original on 2023-03-18. Retrieved 2023-04-30.
  28. Yuan, Melody (August 20, 2018). "Belt and Road Initiative: Connecting the Economic Dots". East West Bank. Archived from the original on April 29, 2022.
  29. Mueller, Julia (February 15, 2023). "House Republicans ask FBI to investigate Biden appointee over potential Espionage Act violations". The Hill. Archived from the original on 29 March 2023. Retrieved 29 March 2023.
  30. "中国海外交流协会-内容". China Overseas Exchange Association. 2013-10-16. Archived from the original on 16 October 2013. Retrieved 2023-02-20.
  31. "中华海外联谊会第五届理事会人员名单". China Overseas Friendship Association (in Chinese). 23 August 2021. Archived from the original on 23 August 2021.
  32. Richards, Zoë (23 February 2023). "Rep. Judy Chu hits back at Texas Republican over 'racist' remarks questioning her loyalty to U.S." NBC News. Archived from the original on 31 March 2023. Retrieved 31 March 2023.
  33. "THE POWER ISSUE - The West 100 - Our list of the most powerful people in Southern California" Archived 2011-08-10 at the Wayback Machine, The Los Angeles Times, August 13, 2006
  34. "Newsmakers: Links to Members in the News" Archived 2014-05-12 at the Wayback Machine, Committee of 100, August 2010
  35. Russell Flannery, "Marvell Technology's Mobile Connector" Archived 2020-07-03 at the Wayback Machine, Forbes.com, August 09, 2010
  36. "Dominic Ng to Receive 2015 United Way Tocqueville Society Award" Archived 2020-07-03 at the Wayback Machine, United Way, March 17, 2016
  37. "ADL Annual Gala Raises $1.1 million; Honors Dominic Ng and Dean Marks” Archived 2014-12-20 at the Wayback Machine, ‘’Anti-Defamation League’’, December 10, 2014
  38. "2013 U.S.-China Economic and Trade Leaders " Archived 2014-05-12 at the Wayback Machine, the Sino-U.S. Times, January 8, 2014
  39. "Dominic Ng: Made in America". Los Angeles Business Journal. 25 March 2012. Archived from the original on 2020-06-29. Retrieved 2020-06-26.
  40. "Los Angeles Business Journal - 03/12/2012 digital edition", Los Angeles Business Journal, March 12, 2012
  41. Jane Leung Larson, "Honorable Mentions: Recent Awards to C100 Members—Dominic Ng, Treasures of Los Angeles Award" Archived 2012-01-26 at the Wayback Machine
  42. "LAEDC honors East West Bank Chairman Dominic Ng with 2011 Individual Eddy Award" Archived 2014-09-12 at the Wayback Machine, Asian Journal
  43. "2009 AMF Award Winners" Archived March 11, 2012, at the Wayback Machine, Alfred Mann Foundation
  44. "Consistent Performer: How Dominic Ng built East West into a powerhouse". American Banker. November 28, 2017. Archived from the original on July 3, 2020. Retrieved March 26, 2018.
  45. "Business leader Dominic Ng speaks on US-China relations after receiving honorary fellowship at Lingnan University" Archived 2012-09-22 at the Wayback Machine, Lingnan University, August 30, 2012
  46. "Lingnan University to confer honorary fellowship upon five distinguished individuals" Archived 2012-09-19 at the Wayback Machine, Lingnan University, August 10, 2012
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