Victor Fung (businessman)
Victor Fung Kwok-king | |
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| Born | 1945 Hong Kong |
| Nationality |  United States |
| Alma mater | Massachusetts Institute of Technology Harvard School of Business |
| Occupation(s) | Engineer, businessman |
| Spouse | Julia Shen Nai-kee |
| Children | 3 |
| Parent(s) | Fung Hon-chu (1911-1994) Lee Pui-yiu (1919-2013) |
| Relatives | William Fung (brother) |
| Victor Fung | |||||||||||
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| 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;[1] 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
[edit]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
[edit]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.[2] The company laid off employees to cut costs, for which he was publicly criticised.[3]
Personal
[edit]Fung is married with three children and holds American citizenship.[4]
See also
[edit]References
[edit]- ^ "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.
- ^ "#287 Victor Fung & family". Forbes.com. 12 February 2010. Retrieved 26 January 2017.
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| National | |
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- 1945 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 the 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