Press Release
☷New U S APEC Business Advisory Council Member Appointment United States Department of State
U.S. Department of State ( By Press Release office)
Apr 27,2022
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The United States welcomes the appointment of Dominic Ng , Chairman and CEO of East West Bank , to the Asia - Pacific Economic Cooperation ( APEC ) Business Advisory Council ( ABAC ) . Mr . Ng and his ABAC counterparts from the other APEC economies will advise APEC Leaders on issues affecting the continued growth of the region’s economy . In this role , Mr . Ng will provide recommendations reflecting the perspective of U . S . stakeholders . ABAC , created in 1995 , consists of up to three business representatives from each APEC economy and is a key component of APEC’s multi - stakeholder approach to trade and economic policies . ABAC meets throughout the year to discuss policy recommendations , undertakes activities to promote trade and investment as well as sustainable and inclusive growth , and reports annually to APEC Leaders . Mr . Ng leads East West Bank , the largest publicly - listed independent bank headquartered in Southern California . Since joining the Bank in 1991 , Mr . Ng transformed East West from a small savings and loan association with $600 million in assets into a global full - service commercial bank with assets over $62 billion today . Its 3 , 200 employees serve more than 600 , 000 customers worldwide . Bank Director ranked East West Bank No . 1 Performing Bank in 2021 and top bank with the Best Board in 2022 . Mr . Ng serves on the governing boards of Mattel , Inc . , the University of Southern California , and the Academy Museum of Motion Pictures . He is a member of the Council on Foreign Relations and a board member of the 21st Century China Center of the University of California , San Diego . He is a former Chairman of the Committee of 100 . Mr . Ng’s previous board service also includes the Federal Reserve Bank of San Francisco , Los Angeles Branch; PacifiCare Health Systems; Asia Society; and the United Way of Greater Los Angeles . Among the extensive recognitions for his business achievements and philanthropic impact , Mr . Ng was named one of Forbes’ 25 most notable Chinese Americans; one of Los Angeles Times’100 most influential people in Los Angeles; and Business Person of the Year by the Los Angeles Business Journal . American Banker recognized Mr . Ng as Banker of the Year for successfully executing his vision while maintaining credit discipline and building East West into one of the nation’s most profitable regional banks . For more than 30 years , APEC has served as the premier economic platform for the United States to engage our regional partners on structural issues to advance an economic and trade architecture that opens markets , promotes high standards , and promotes sustainable and inclusive growth . For further information , please contact the U . S . APEC Team at DOSAPEC@state . gov .
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