Victor Fung
Victor Fung Kwok-king | |
|---|---|
| Born | 1947 (age 76–77) Hong Kong |
| Nationality | Chinese/American |
| Alma mater | Massachusetts Institute of Technology Harvard School of Business |
| Occupation(s) | Engineer, businessman |
| Spouse | Julia Shen Nai-kee |
| Children | Sabrina Fung Spencer Fung Stephen Fung |
| Parent(s) | Fung Hon-chu (1911-1994) Lee Pui-yiu (1919-2012) |
| Relatives | William Fung (brother) |
| Victor Fung | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 馮國經 | ||||||||||
| Simplified Chinese | 冯国经 | ||||||||||
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Victor Fung Kwok-king GBM GBS CBE (Chinese: 馮國經; sometimes Victor K. Fung;[2] born 1945, Hong Kong) is the Group Chairman of Li & Fung group of companies. Together with his brother William, he owns a controlling stake of 32% in the business, which was founded by his grandfather.
He has held a number of public and other offices, including chairman of the Airport Authority Hong Kong, Hong Kong University Council and the Greater Pearl River Delta Business Council.
Education
Fung has Bachelor of Science and Master of Science degrees in electrical engineering from MIT. After earning a PhD in business economics from Harvard Business School, he stayed there as a professor of finance. For his early education, he enrolled in King George V School in Hong Kong.
Career
At present, Victor Fung is the Group Chairman of Li & Fung Group, and his brother William is the Group managing director. The business was founded by their grandfather, Fung Pak-liu in 1906 and subsequently led by their father, Fung Hon-chu.[citation needed]
Fung is chairman of the Hong Kong-Japan Business Co-operation Committee and co-chair of France-based The Evian Group at IMD forum and think tank. He has been chairman since 2008 of the International Chamber of Commerce. He was formerly chairman of the Hong Kong Trade Development Council (1991–2000) and chairman of Airport Authority.[citation needed]
In 2008, Fung was appointed by Donald Tsang, the Chief Executive of Hong Kong, to be the member of "Task Force on Economic Challenges" to evaluate the situation and identify new opportunities during the financial tsunami.[3] The company laid off employees to cut costs, for which he was publicly criticised.[4]
Other positions in civil and public service:
- Commission on Strategic Development of the HKSAR Government
- Informal Business Advisory Body to the World Trade Organization
- Hong Kong Representative on the APEC Business Advisory Council (1996), (2001)
- Hong Kong Government Judicial Officers Recommendation Committee (?-2006)
- [5]
- Member of IESE's International Advisory Board (IAB).[6]
Honours
- Hong Kong's Businessman of the Year 1995
- Top 25 Managers in BusinessWeek magazine 1995
- Awarded Gold Bauhinia Star (GBS) in 2003 for distinguished service to the Hong Kong community.
- Businessman of the Year 2005 Forbes Asia magazine
- One of "60 Years of Asian Heroes" (Time Asia magazine)[7]
Personal
Fung is married with three children and like his brother William holds American citizenship.[8]
See also
References
- ^ "#10 Victor Fung". Forbes.com. Retrieved 26 January 2017.
- ^ "Victor K. Fung", FT Press. Retrieved 1 March 2011.
- ^ "CE appoints members of Task Force on Economic Challenges". Info.gov.hk. 28 October 2008. Retrieved 26 January 2017.
- ^ "Li & Fung denies layoff report, will cut costs by 10%". Chinadaily.net. 18 November 2008. Retrieved 26 January 2017.
- ^ "Home - Asia Global Institute". Fungglobalinstitute.org. 1 January 1970. Retrieved 26 January 2017.
- ^ Members of IESE's International Advisory Board, iese.edu
- ^ "TIME Magazine | 60 Years of Asian Heroes". minamahalkongpilipinas.blogspot.ae. Retrieved 22 February 2018.
- ^ "#287 Victor Fung & family". Forbes.com. 12 February 2010. Retrieved 26 January 2017.
External links
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- 1947 births
- Living people
- Hong Kong chief executives
- Members of the National Committee of the Chinese People's Political Consultative Conference
- Harvard Business School alumni
- Harvard Business School faculty
- MIT School of Engineering alumni
- Hong Kong billionaires
- Li & Fung
- Members of Committee of 100
- Progressive Hong Kong Society politicians
- Alumni of King George V School, Hong Kong
- Commanders of the Order of the British Empire
- Hong Kong people stubs