The United States announces that Dominic Ng, President and Chief Executive Officer of East West Bank, who was named a U.S. member of the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) on April 25, will assume the serves as President during the United Year of Host APEC of the United States in 2023. In this role, Mr. Ng will work closely with other ABAC members to provide recommendations to the leaders of the ‘APEC reflecting the views of key APEC stakeholders. For the remainder of Thailand’s APEC host year in 2022, Mr. Ng will also serve as ABAC Co-Chair alongside the Thai President.
Mr. Ng and his ABAC counterparts will advise APEC leaders on issues affecting the continued economic growth of the APEC region. As Co-Chair of ABAC in 2022 and Chair in 2023, Mr. Ng will represent ABAC in meetings with government and business dignitaries on the sidelines of ABAC meetings. As outgoing chair in 2024, Ng will resume his role as co-chair when Peru hosts APEC.
For more than 30 years, APEC has been America’s premier economic platform for engaging our regional partners on structural issues to advance a fair, open, sustainable, and inclusive economic and trade architecture.
Established in 1995, ABAC is made up of up to three business representatives from each APEC economy and is a key part of APEC’s multi-stakeholder approach to trade and economic policy. 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 traded independent bank headquartered in Southern California. During his 30 years as CEO, Mr. Ng transformed East West Bank from a small savings and loan association with $600 million in assets into a full-service global commercial bank with more than 62 billions of dollars in assets. Bank director ranked East West as the second best performing major U.S. bank in 2022. Mr. Ng serves on the boards of Mattel, Inc., the University of Southern California and the Academy of Motion Pictures. He is a member of the Council on Foreign Relations and a former board member of the Federal Reserve Bank of San Francisco, Los Angeles Branch.
For more information, please contact the US APEC team at [email protected]