Dominic Ng, CEO of East-West Bancorp, has been leading the company since 1996 after earning a finance degree from the University of California, Berkeley. Under his guidance, the bank has consistently ranked among the top community banks in America. In...

Number of Employees

3.2K

Year

2023

Total Compensation

$8.36M

Salary

$1.28M

Board Justification

The compensation program is designed to attract and retain talented managers while rewarding them for delivering on key financial and strategic goals, with a substantial majority of compensation at risk and linked to performance metrics.

Bonus

$2.22M

Board Justification

The bonus is based on the achievement of corporate performance goals, with a payout of 120% for the corporate component, which consisted of a 111% payout for financial metrics and a 141% payout for strategic metrics.

Other

$119.74K

Board Justification

Includes financial planning services, vacation cash-out, 401(k) contributions, and auto usage.

Restricted Stock

$4.75M(59.34K PSUs)

Board Justification

The target number of performance-based restricted stock units (PSUs) granted in 2023, which are subject to performance metrics over a three-year period, with actual vesting dependent on performance outcomes.

Performance Metrics

Performance metrics include return on assets (ROA), return on equity (ROE), and total shareholder return (TSR), with specific targets set for financial and strategic goals.

SEC Filing

From April 11, 2024

Dominic Ng

CEO of East-West Bancorp

E

Education

Bachelor's degree from the University of California, Berkeley

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1963 - 62 years ago

Is Founder?

No

Current Tenure

29 years 0 months (Jan 1996 - Present)

Previous Experience

Chairman of the Board and Chief Executive Officer of East West Bancorp, Inc.