June 22, 2001

Dominic Ng of UCLA Anderson's Board of Visitors Named Entrepreneur of the Year in Financial Services

Los Angeles — Dominic Ng, chairman, president and chief executive officer of East West Bank and a member of UCLA Anderson's Board of Visitors, has received the prestigious Ernst & Young Entrepreneur Of The Year award in financial services for the Los Angeles area.

Under Ng's leadership, East West Bank of San Marino has grown into the third-largest independent commercial bank headquartered in Southern California, tripling its asset size to $2.6 billion. Ng was one of eight entrepreneurs lauded during Ernst & Young's Entrepreneur Of The Year awards banquet on June 19 at the Beverly Hilton Hotel.

"On behalf of UCLA Anderson, I wish to congratulate Dominic on this outstanding achievement — I can't think of anyone who deserves it more," said Bruce G. Willison, dean of UCLA Anderson. "Dominic sets high standards of excellence in leadership on our Board of Visitors and the UCLA Anderson community benefits from his continued involvement and guidance."

A member of the Board of Visitors since 1998, Ng serves on the Board of Directors for ESS Technology, Inc., a leading supplier of audio, modem, and digital video solutions for the PC and consumer markets. He is a member of the Board of Regents of Loyola Marymount University and Board of Trustees of Polytechnic School. He also serves as 2000-01 Campaign Chairman and on the Board of Directors of the United Way of Greater Los Angeles. He is also on the Board of Directors for the Los Angeles Chamber of Commerce, and serves as vice chairman of Town Hall Los Angeles, chairman of the California State Treasurer's Financial Institutions Advisory Committee and the National Association of Chinese American Bankers.

Among his other honors, Ng is the 1998 recipient of the Minorities in Business Asian Corporate — Multicultural Prism Award, the 1997 recipient of the Asian Business League's "Outstanding Corporate Executive" award, and 1996 recipient of the California Society of CPA's "Outstanding Member in Industry" award.

A native of Hong Kong, Ng came to the United States in 1977 where he earned his BA degree from the University of Houston. He later became a CPA and worked for Deloitte & Touche LLP as a senior manager in the Audit Department and as director of the Chinese Business Services Group. After leaving Deloitte & Touche, he became president of Seyen Investment, Inc. in Los Angeles. In 1992, Ng became president and chief executive officer of East West Bank.

The Ernst & Young Entrepreneur Of The Year awards banquet was the culmination of an intensive search to identify and recognize Los Angeles' outstanding entrepreneurs. Now in its 15th year, the program recognizes entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.

Alfred E. Osborne, Jr., director of UCLA Anderson's Price Center for Entrepreneurial Studies and an associate professor, was honored by Ernst & Young last year with the Richard J. Riordan Spirit of Entrepreneurship Award for his leadership in the field.

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