Dominic Ng

Dominic Ng (simplified Chinese: 吴建民; traditional Chinese: 吳建民; pinyin: Wú Jiànmín) is an American banker who is Chairman, President and CEO of East West Bank in California.

In this Chinese name, the family name is Ng.
Dominic Ng
Chinese: 吳建民
Born1959 (age 61–62)
Hong Kong
Alma materUniversity of Houston
OccupationChairman, President and CEO, East West Bank

Ng transformed East West Bank from a small savings and loan association with $600 million in assets, in 1991, into the full-service commercial bank with total assets of $52.2 billion as of December 31, 2020.[1]

Early life and education

In 1959, Ng was born in Hong Kong.[2]

Ng holds a bachelor's degree from the University of Houston, an honorary doctor of law degree from Occidental College[3] and an honorary fellowship from Lingnan University in Hong Kong.[4][5]

Career

Ng spent ten years as a Certified Public Accountant with Deloitte & Touche in Houston and Los Angeles.[6] Ng was president of Seyen Investment.

In 1991, Ng joined East West Bank. Ng is the Chairman, President and CEO of East West Bancorp, Inc. and East West Bank, where its headquarter is in Pasadena, California.[7]

Ng currently serves on the board of Mattel,[8] Inc. (NYSE: MAT) . In addition, he is on the Board of Trustees at the University of Southern California[9] and the Academy Museum of Motion Pictures.[10]

In 2000, Ng became a member of Committee of 100.[11] From 2011 to 2014, Ng served as Chairman of the Committee of 100.[12]

From 2005 to 2011, he served on the board of directors of the Federal Reserve Bank of San Francisco, Los Angeles Branch.[13] Dominic Ng’s previous board service also includes the Asia Society,[14] Los Angeles Mayor’s Trade Advisory Council,[15] United Way of Greater Los Angeles,[16] PacifiCare Health Systems[17] (formerly NYSE: PHS), Town Hall Los Angeles, The Anderson School at UCLA,[18] and California State Treasurer’s Financial Institutions Advisory Committee (chair), among other organizations.

In 2019, Ng became a board member of the Academy Museum of Motion Pictures.[19]

Business and community leadership in the U.S.

Ng was named by the Los Angeles Business Journal as Business Person of the Year,[20] by Forbes as one of the 25 most notable Chinese Americans,[21][22] and by the Los Angeles Times as one of the 100 most influential people in Los Angeles.[23] In 2017, American Banker recognized Ng as Banker of the Year, for successfully executing his vision while maintaining discipline on credit, and building East West into one of the nation’s most profitable regional banks.[24] Ng is also known for his business and community leadership. In 2016, Ng received The United Way Alexis de Tocqueville Award presented by United Way Worldwide that recognizes his exceptional and sustained engagement and philanthropic leadership.[25] He was the first Asian American campaign chair for United Way of Greater Los Angeles in 2000. Centered on promoting the importance of philanthropy and the benefits of supporting high-impact charities such as the United Way, Ng’s campaign raised record funds,[26] broke a long-standing ethnic barrier, and now serves as a model and best practice for United Way chapters and other charities around the country.

Promoting Chinese culture in the U.S.

Ng has been a key leader in bringing Chinese culture and art to major U.S. institutions, including Los Angeles County Museum of Art (LACMA), the Museum of Contemporary Art, Los Angeles (MOCA), The Huntington Library, Art Collections and Botanical Gardens,[27] Bowers Museum,[28] and The Broad. He was also honored by the USC Pacific Asia Museum in 2014.[29] His vision to bring the best of contemporary Chinese art to a larger audience inspired a groundbreaking collaboration between East West Bank and the Museum of Contemporary Art, Los Angeles (MOCA) that resulted in a new addition to MOCA’s permanent collection.[30]

Frequent speaker on global forums

Ng is a frequent speaker on U.S.-China relations, economics, finance, banking, arts and culture, philanthropy and other topics. He has addressed business, political, academic and civic audiences in the U.S. and Greater China, including Boao Forum for Asia,[31] China-United States Exchange Foundation,[32] Asia Society,[33] Committee of 100, Chinese CEO Organization, Federal Reserve Bank, Los Angeles County Economic Development Corporation, Milken Institute,[34] the United States Conference of Mayors[35] and United Way, Los Angeles County Museum of Art, and among others.

Honors and awards

Ng has received wide recognition for his visionary leadership.

  • The United Way Alexis de Tocqueville Award from United Way Worldwide[36]
  • Humanitarian Award from the Anti-Defamation League’s Pacific Southwest Region;[37]
  • Top 20 of 2013 U.S.-China Economic and Trade Leaders from the Sino-U.S. Times;[38]
  • Business Person of the Year Award from Los Angeles Business Journal;[39]
  • Chinese CEO of the Year Award from Chinese CEO Organization;.[40]
  • Treasures of Los Angeles Award from Central City Association;[41]
  • Eddy Award from Los Angeles Economic Development Corporation;[42]
  • Compassion in Action, Creating Pathways Out of Poverty and Spirit of Los Angeles awards from United Way of Greater Los Angeles;
  • Asian and Pacific Islander American Heritage Dream of Los Angeles Award;[43]
  • Innovation and Visionary Award from Alfred Mann Foundation;[44]
  • Chairman’s Award from Asia Society of Southern California;
  • Outstanding Corporate Executive Award from Asian Business League;
  • The Charles and Ada Bowers Society Award;
  • Outstanding Member in Industry Award from California Society of CPA;
  • Year of the Tiger Award from Chinese American Voters Education Committee;
  • Entrepreneur of the Year in Financial Services Award from Ernst & Young;[45]
  • Father of the Year Award from American Diabetes Association;
  • Excellence in Business Leadership Award from Friends of the Chinese American Museum;
  • Multicultural Prism Award from Minorities in Business; and
  • Pier del Sol Award from Special Olympics of Southern California.

References
  1. "East West Bancorp (EWBC) Up on Q4 Earnings Beat, Dividend Hike". Yahoo Finance. 2021-02-01.
  2. "Dominic Ng nndb.com". Retrieved 25 May 2017.
  3. "Ng, Dominic - Brief Biography", Reuters
  4. "Business leader Dominic Ng speaks on US-China relations after receiving honorary fellowship at Lingnan University", Lingnan University, August 30, 2012
  5. "Lingnan University to confer honorary fellowship upon five distinguished individuals", Lingnan University, August 10, 2012
  6. "East West Bancorp Inc (EWBC:NASDAQ GS)", Bloomberg Businessweek, July 2, 2012
  7. "investor.eastwestbank.com". Retrieved Dec 2, 2016.
  8. "Mattel: Committees and Charters"
  9. “East West Bank chairman Dominic Ng named USC trustee”, “USC News, University of Southern California ”
  10. "Academy Brings Architect Renzo Piano to N.Y. to Tout Movie Museum Plans". variety.com.
  11. "Committee of 100 - Member Roster". Retrieved 25 May 2017.
  12. "Biography of Dominic Ng at Committee of 100". Archived from the original on 3 August 2017. Retrieved 25 May 2017.
  13. "Federal Reserve System Organization: Annual Report 2010", Board of Governors of the Federal Reserve System
  14. “Our Board” “Asia Society”
  15. "Tavis Smiley: China – Roundtable, Mr. Ng’s bio" PBS, July 15, 2011
  16. "About Us / Boards & Cabinets" Archived July 17, 2015, at the Wayback Machine, United Way of Greater Los Angeles
  17. "SECURITIES AND EXCHANGE COMMISSION: PACIFICARE HEALTH SYSTEMS, INC.", February 21, 2003
  18. "Dominic Ng of UCLA Anderson's Board of Visitors Named Entrepreneur of the Year in Financial Services", June 22, 2001
  19. Welk, Brian (2019-11-06). "Laura Dern and 6 Others Added as Academy Museum Trustees". TheWrap. Retrieved 2020-08-31.
  20. "Dominic Ng: MADE IN AMERICA | Los Angeles Business Journal". labusinessjournal.com. Retrieved 2020-06-26.
  21. "Newsmakers: Links to Members in the News", Committee of 100, August 2010
  22. Russell Flannery, "Marvell Technology's Mobile Connector", Forbes.com, August 09, 2010
  23. "THE POWER ISSUE - The West 100 - Our list of the most powerful people in Southern California", The Los Angeles Times, August 13, 2006
  24. "Consistent Performer: How Dominic Ng built East West into a powerhouse". American Banker. November 28, 2017.
  25. "Dominic Ng to Receive 2015 United Way Tocqueville Society Award", United Way, March 17, 2016
  26. K. Connie Kang, "United Way Drive Sets Record", The Los Angeles Times, August 10, 2001
  27. Teresa Watanabe, “Huntington Library's new garden celebrates Chinese culture”, “The Los Angeles Times”, February 17, 2008
  28. Richard Chang, “Bowers Museum of Cultural Arts get $1 million gift”, “The Orange County Register”, December 12, 2005
  29. "USC Pacific Asia Museum’s Autumn Moon Gala honors Dominic Ng", USC News , Nov. 17, 2014
  30. Suzanne Muchnic, "MOCA's Chinese future", The Los Angeles Times, August 29, 2007
  31. "Boao Forum for Asia- Agenda", Boao Forum for Asia, April 5, 2013
  32. "Thought Leaders Convene in Los Angeles to Chart Course for Growth and Opportunity through US-China Economic Cooperation in Next Decade", PR Newswire, June 17, 2013
  33. "Dominic Ng: China, the US, and Public Perceptions", Asia Society, March 11, 2011
  34. "Speaker's Biography: Dominic Ng", Milken Institute
  35. 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
  36. "Dominic Ng to Receive 2015 United Way Tocqueville Society Award", United Way, March 17, 2016
  37. "ADL Annual Gala Raises $1.1 million; Honors Dominic Ng and Dean Marks”, ‘’Anti-Defamation League’’, December 10, 2014
  38. "2013 U.S.-China Economic and Trade Leaders ", the Sino-U.S. Times, January 8, 2014
  39. "Los Angeles Business Journal - 03/12/2012 digital edition", Los Angeles Business Journal, March 12, 2012
  40. Jane Leung Larson, "Honorable Mentions: Recent Awards to C-100 Members - Dominic Ng, Chinese CEO Organization"
  41. Jane Leung Larson, "Honorable Mentions: Recent Awards to C100 Members—Dominic Ng, Treasures of Los Angeles Award"
  42. "LAEDC honors East West Bank Chairman Dominic Ng with 2011 Individual Eddy Award", Asian Journal
  43. Rene Villaroman, "Los Angeles confers honors to Asian Pacific Islander Americans at Asian Pacific American Heritage Month", Asian Journal, April 29, 2009
  44. "2009 AMF Award Winners" Archived March 11, 2012, at the Wayback Machine, Alfred Mann Foundation
  45. "Dominic Ng of UCLA Anderson's Board of Visitors Named Entrepreneur of the Year in Financial Services", June 22, 2001
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