{"id":47694,"date":"2022-04-27T17:03:47","date_gmt":"2022-04-28T00:03:47","guid":{"rendered":"https:\/\/lapost.us\/?p=47694"},"modified":"2022-04-27T17:03:47","modified_gmt":"2022-04-28T00:03:47","slug":"new-u-s-apec-business-advisory-council-member-appointment","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=47694","title":{"rendered":"New U.S. APEC Business Advisory Council Member Appointment"},"content":{"rendered":"<div>04\/27\/2022 03:47 PM EDT<\/div>\n<div>\n<p>Office of the Spokesperson<\/p>\n<p>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).<\/p>\n<p>Mr. Ng and his ABAC counterparts from the other APEC economies will advise APEC Leaders on issues affecting the continued growth of the region\u2019s economy. \u00a0In this role, Mr. Ng will provide recommendations reflecting the perspective of U.S. stakeholders.\u00a0 ABAC, created in 1995, consists of up to three business representatives from each APEC economy and is a key component of APEC\u2019s multi-stakeholder\u00a0approach to trade and economic policies.\u00a0 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.<\/p>\n<p>Mr. Ng leads East West Bank, the largest publicly-listed independent bank headquartered in Southern California. \u00a0Since 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. \u00a0Its 3,200 employees serve more than 600,000 customers worldwide.\u00a0 Bank Director ranked East West Bank No.1 Performing Bank in 2021 and top bank with the Best Board in 2022.\u00a0 Mr. Ng serves on the governing boards of Mattel, Inc., the University of Southern California, and the Academy Museum of Motion Pictures.\u00a0\u00a0He 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.\u00a0 He is a former Chairman of the Committee of 100. \u00a0Mr. Ng\u2019s 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.<\/p>\n<p>Among the extensive recognitions for his business achievements and philanthropic impact, Mr. Ng was named one of\u00a0<i>Forbes<\/i>\u2019 25 most notable Chinese Americans; one of\u00a0<i>Los Angeles Times<\/i>\u2019100 most influential people in Los Angeles; and Business Person of the Year by the\u00a0<i>Los Angeles Business Journal<\/i>.\u00a0<i>American Banker<\/i>\u00a0recognized 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\u2019s most profitable regional banks.<\/p>\n<p>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.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>04\/27\/2022 03:47 PM EDT Office of&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-47694","post","type-post","status-publish","format-standard","hentry","category-u-s-a"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/47694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47694"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/47694\/revisions"}],"predecessor-version":[{"id":47695,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/47694\/revisions\/47695"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}