Dominic Ng

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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.

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 $59.9 billion as of June 30, 2021.^[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[]

External links[]

• Committee of 100 Member Roster