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...

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 2021, East-West Bancorp reported earnings of $674 million, demonstrating a strong performance even amid challenges like U.S.-China trade tensions. Dominic's strong focus on risk management and customer service has helped expand the bank’s market presence, particularly in cross-border business segments. He has been recognized multiple times for his leadership qualities and has established a compensation plan linked to performance metrics like return on equity and earnings per share, proving his commitment to aligning executive pay with corporate success. His recent compensation reached over $8.3 million in 2023, showing how well his leadership strategies have performed. Dominic’s insider trading history also illustrates his confidence in the company, with substantial stock value fluctuations revealing his active role in the bank's financial direction. His experience and management approach have greatly shaped the trajectory of East-West Bancorp, focusing on sustainable growth while navigating complex market dynamics.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other East-West Bancorp CEOs

E

Dominic Ng

CEO of East-West Bancorp

Education

Bachelor's degree from the University of California, Berkeley

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1963 - 62 years ago

CEO of East-West Bancorp for

29 years 3 months (Jan 1996 - Present)

Previous Experience

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

Rivals

Competitors/colleagues of Dominic Ng

W

Timothy S. Crane

CEO of Wintrust Financial

2023 Compensation

Stock

$276.30K

Salary

$1.00M

Bonus

$1.14M

Other

$33.85K

Total Holdings

$8.91M

Z

Harris H. Simmons

CEO of Zions Bancorporation

2023 Compensation

Stock

$1.56M

Salary

$1.06M

Bonus

$1.15M

Other

$67.14K

Total Holdings

$1.20M

C

John F. Woods

CEO of Citizens Financial Group

2023 Compensation

Stock

$150.00K

Salary

$950.00K

Bonus

$300.00K

Other

$100.00K

Total Holdings

$13.28M

F

Vincent J. Delie, Jr.

CEO of F.N.B. Corporation

2023 Compensation

Stock

$11.00M

Salary

$1.19M

Bonus

$0.00

Other

$649.18K

Total Holdings

$24.80M

H

Zachary J. Wasserman

CEO of Huntington Bancshares

2022 Compensation

Stock

$0.00

Salary

$1.10M

Bonus

$0.00

Other

$474.99K

Total Holdings

$4.47M

Holdings

See how much did Dominic Ng make over time.

Dominic Ng's stock holdings have seen significant value changes over the years, reflecting his active commitment to East-West Bancorp. For instance, in 2019, his stock was valued at $25.06 million, showcasing a solid performance trend leading up to the present....

Dominic Ng's stock holdings have seen significant value changes over the years, reflecting his active commitment to East-West Bancorp. For instance, in 2019, his stock was valued at $25.06 million, showcasing a solid performance trend leading up to the present. By mid-2024, the value of his holdings reached approximately $77.64 million, marking a substantial increase in confidence and investment strategy within the company. This rising value speaks to the overall performance and growth of the bank under his leadership. The fluctuations in his stock holdings also indicate his strategic decision-making during market shifts, aligning with East-West Bancorp's growth and expanding influence in the banking sector. Dominic's holdings underline his vested interest in the company's continued success and profitability.

Total Stock Sold

$28.47M

EWBC

$27.57M

617,134 EWBC shares

MAT

$895.32K

22,500 MAT shares

What if they kept their stock?

If Dominic Ng didn't sell their stock, today they would have:
Extra EWBC617,134 shares worth $17.00M and MAT22,500 shares worth $191.25K.
This is -39.61% and $11.28M less than what they got when they sold the stock.

Charitable Transactions

EWBC

95,552 shares

EWBC

Recent Charitable Transactions

EWBC

14,917 shares

EWBC

Apr 27, 2018

Charity

EWBC

27,635 shares

EWBC

Jun 2, 2017

Charity

EWBC

$697.90K

EWBC at $13.17/share

Jun 8, 2011

Charity

Insider Trading

See recent insider trades of Dominic Ng.

EWBC

116,164 shares

EWBC

Mar 4, 2024

Received

EWBC

$250.44K

EWBC at $43.94/share

May 5, 2023

Purchase

EWBC

$500.94K

EWBC at $42.10/share

May 4, 2023

Purchase

EWBC

205,256 shares

EWBC

Mar 4, 2023

Received

EWBC

169,898 shares

EWBC

Mar 6, 2022

Received

EWBC

110,826 shares

EWBC

Mar 8, 2021

Received

EWBC

$2.02K

EWBC at $49.23/share

Jan 24, 2020

Received

EWBC

$1.01M

EWBC at $39.11/share

Aug 27, 2019

Purchase

EWBC

$2.02K

EWBC at $51.84/share

Feb 4, 2019

Received

EWBC

$402.48K

EWBC at $69.75/share

Jun 22, 2018

Sale

Compensation History

See how much did Dominic Ng make over time.

In 2023, Dominic Ng's total compensation reached around $8.3 million, which included a base salary of $1.275 million and a performance-based bonus of over $2.2 million. His bonus structure is quite interesting as it mirrors the bank's performance metrics, meaning he earns more when the company does well. This year, he also received benefits equivalent to around $120,000 and value from vested stock totaling $4.7 million. Over the years, his compensation has varied, with the highest being nearly $9 million in 2022. Dominic's compensation package is designed to attract and retain talent while ensuring that a substantial part of it remains linked to the company’s performance, facilitating a robust alignment of interest between him and the bank's shareholders.

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.

Other East-West Bancorp CEOs

Here are other CEOs of East-West Bancorp

Thomas J. Tolda

Ex-CEO of East-West Bancorp

April 2008 - January 2010