The world is full of wonderful and surprising things that surround us every day. From the incredible beauty of nature, to the depth of the human mind, Dominic Ng has been the subject of fascination and study throughout the centuries. Whether it's a well-known name in history, a current topic, or an important date, Dominic Ng has a significant impact on our lives in one way or another. In this article, we will further explore Dominic Ng and discover its importance in today's world.
Ng was born in the then British Hong Kong in 1959, the youngest of six children. His parents had lost most of their property after the Chinese Civil War and fled from Shanghai to Hong Kong in 1949. In Hong Kong, his father operated a bus transport business, while his mother ran a small business sewing school uniforms.
Ng was part of a wave of Hong Kong students who came to the United States to study in the 1970s, and earned a bachelor's degree in accounting from the University of Houston. He became a United States citizen in 1988.
Career
Ng began his career as a Certified Public Accountant with Touche Ross in Houston and Los Angeles. He was the head of the China business practice in the Los Angeles office. One of his clients convinced him to head up its investment company, Seyen Investment Inc., in 1990. He helped Seyen purchase East West Bank.
In 1992, Ng became East West Bank's third president and CEO. He transformed East West Bank into a full-service banking company with dozens of branches in the United States. In 1997, Ng engineered East West Bank's sale in a management-led buyout. He became the bank's chairman that same year. The bank went public in 1999.
As CEO of East West Bank, Ng built a reputation for diversifying the bank's portfolio, including entertainment.The Hollywood Reporter named him as one of the top U.S. bankers connecting Hollywood film studios to investors in China, helping to arrange fundraising once investment deals are in place. He is also involved in real estate, renewable energy, and other sectors. From 2005 to 2011, Ng served on the board of directors of the Federal Reserve Bank of San Francisco, Los Angeles Branch.
Asia-Pacific Economic Cooperation Business Advisory Council
Ng's appointment attracted scrutiny from several Republican lawmakers over his connections to China-based organizations. Members of the Congressional Asian Pacific American Caucus characterized the scrutiny as racist in nature.
During APEC United States 2023, Ng and San Francisco Mayor London Breed hosted a private welcome reception for the APEC Business Advisory Council.
From 2011 to 2014, Ng served as chairman of the Committee of 100. He has been a board member of the United Way of Greater Los Angeles since 1995, becoming the first Asian-American chair of the United Way campaign in 2000–2001. Ng is also a member of the University of Southern California’s Board of Trustees.