Pei-yuan Chia

Pei-yuan Chia (賈培源; born 1939)[1] is an American banker. He worked for Citicorp from 1974 until his retirement in 1996, and also held directorships in several other firms.

Pei-yuan Chia
Born1939 (age 80–81)
Hong Kong
NationalityAmerican
Alma materWharton School of the University of Pennsylvania
Tunghai University
OccupationBanker
EmployerCiticorp
Spouse(s)
Frances Chia
(m. 1965; died 2003)
Children3
Chinese name
Traditional Chinese賈培源
Hanyu PinyinJiǎ Péiyuán
Wade–GilesChia3 Pei2-yuan2

Career

Chia worked at General Foods before joining Citicorp in 1974.[2] From then until 1992, he held various senior management positions in Citicorp and Citibank, N.A. and was Citibank, N.A.'s senior customer contact for corporate banking activities in Asia.[3] He was promoted to head of the global consumer business in 1992, following a four-year period in which he grew Citicorp's foreign consumer banking operations by 25% annually to $300 million per year in profit.[4] He served as a director of Citicorp and Citibank, N.A., beginning in April 1993, and became vice chairman of Citicorp and Citibank, N.A., in January 1994.[3][5] He took early retirement in 1996 at the urging of then-CEO John S. Reed.[6][7] At the time of his retirement, he was the highest-ranking Asian American executive and corporate director in any major U.S. corporation.[8]

Personal life
Chia's paternal grandfather Chia Shih-yi (left) and maternal grandfather Chin Fen (right)

Chia was born in Hong Kong.[9] His father Dewey Teh-huai Chia (賈德懷; 1912–1998), the eldest son of Republic of China Ministry of Finance official Chia Shih-yi, was prominent in Shanghai's finance industry.[10][11] His mother Kitty Shun-hua Chin Chia (秦舜華; 1916–2016), a daughter of educationalist Chin Fen, was a graduate of Yenching University.[10][12] Chia's parents had moved to Hong Kong the year before his birth, and then the family moved again to Taiwan in 1951.[12] His parents eventually settled in the United States in 1956, where his father started a maritime transport company and his mother worked as a statistician in the United Nations Secretariat.[12] Chia himself remained in Taiwan for his education, attending Jianguo Middle School in Taipei and going on to graduate from Tunghai University in Taichung with a Bachelor of Arts degree in Economics in 1961. He then joined his family in the U.S., where he earned an MBA from the Wharton School of the University of Pennsylvania in 1964.[9][13] He was naturalized as a U.S. citizen in 1970.[14]

Chia was married to Frances T.C. Yen Chia (嚴雋荃), a classmate of his at Tunghai University and a daughter of former President of the Republic of China Yen Chia-kan, from 1965 until her death in 2003.[15][16] He had three children with her: Douglas, a lawyer; Katherine, an architect; and Candice.[17][18][19] To commemorate Frances' life, he endowed a garden in front of the women's dormitory at Tunghai University, which opened in November 2006.[16] He also established an endowed professorship in marketing, the Frances and Pei-Yuan Chia Professorship, at the University of Pennsylvania; it has been held by Peter Fader since 2003.[20] He was awarded an honorary doctorate by Tunghai University in 2007.[1]

Other activities

Chia served on the Wharton Graduate Executive Board of the University of Pennsylvania. In addition, he is a Senior Fellow of the SEI Center for Advanced Studies in Management at the Wharton Business School.[21]

Chia also serves or previously served as:

  • Director of American International Group (until 2006)[22]
  • Trustee of the Asia Society
  • Trustee of the Mt. Sinai-NYU Medical Centre
  • Director of Aig Aviation
  • Director of BOC Hong Kong Holdings Ltd. and its principal operating subsidiary Bank of China (Hong Kong) Ltd. (2001–2003)[23][24]
  • Director of Baxter International Inc.
  • Director of Case Corporation (since 1997)[25]
  • Director of CNH Global Inc.
  • Director of Singapore Airlines Ltd. (since 2003)[26]
  • Senior advisor to Temasek Holdings

References
  1. "東海名譽博士賈培源先生-關懷社會培育人才國際銀行界領航員". Tunghai University Alumni Magazine (128). June 15, 2007. Archived from the original on January 18, 2018. Retrieved January 18, 2018.
  2. Quint, Michael (January 14, 1992). "4th-Quarter Loss Seen By Citicorp". The New York Times. Retrieved January 18, 2018.
  3. "Citi Vice Chairman Pei-yuan Chia Resigns". American Banker. 18 September 1996. Retrieved 18 January 2018.
  4. Quint, Michael (January 19, 1992). "Making a Difference; Moving Up at Citicorp". The New York Times. Retrieved August 16, 2018.
  5. Barnet, Richard J.; Cavanagh, John (1995). Global dreams: imperial corporations and the new world order. Simon and Schuster. pp. 374–377. ISBN 978-0-684-80027-1. Retrieved 14 May 2011.
  6. Hansell, Saul (January 13, 1996). "Key Executive At Citicorp Plans to Retire". The New York Times. Retrieved August 14, 2018.
  7. Hansell, Saul (July 14, 1996). "For Bank's Boy Wonder, Gray Hairs and Lessons". The New York Times. Retrieved August 14, 2018.
  8. Zweigenhaft, Richard L.; Domhoff, G. William (2006). Diversity in the Power Elite: How it Happened, Why it Matters. Rowman & Littlefield. p. 179. ISBN 9780742577220.CS1 maint: ref=harv (link)
  9. "AIG神祕華人董事長賈培源來台曝光" [Trip to Taiwan by AIG's mysterious ethnic Chinese director Chia Pei-yuan publicly exposed]. Business Today. Taiwan. November 4, 1999. Retrieved January 18, 2018.
  10. 羅元旭 [Lo Yuen-yuk] (2012). 『東成西就: 七個華人基督教家族與中西交流百年』. Hong Kong: Joint Publishing. p. 117. ISBN 9789620431890.
  11. "Deaths: Chia, Dewey Teh-Huai". The New York Times. August 27, 1998. Retrieved August 16, 2018.
  12. "Obituaries: Kitty S.H. Chia". McIntire, Bradham & Sleek Funeral Home. December 2, 2016. Archived from the original on August 16, 2018. Retrieved August 16, 2018.
  13. "Outstanding Alumni". Tunghai University. Archived from the original on January 18, 2018. Retrieved January 18, 2018.
  14. Zweigenhaft & Domhoff 2006, p. 180
  15. "Frances Yen Married To Pei-yuan Chia Here". The New York Times. February 21, 1965. Retrieved August 14, 2018.
  16. "【景點】愛的紀念花園 荃園" [Scenic spot: a garden to commemorate love]. Sina News. Retrieved January 18, 2018.
  17. "Weddings: Jessica Chun and Douglas Chia". The New York Times. April 11, 1999. Retrieved August 14, 2018.
  18. Fickenscher, Lisa (June 8, 1998). "Ex-Citi Card Chief Featured in Decor Magazine". American Banker. Retrieved August 14, 2018.
  19. "Giving from the Heart". Jeffrey M. Carlton Heart & Vascular Institute. Retrieved August 14, 2018.
  20. "Frances and Pei-Yuan Chia Professor of Marketing: Dr. Fader". University of Pennsylvania Almanac. 50 (32). May 4, 2004. Retrieved January 18, 2018.
  21. "Pei-Yuan Chia Executive Profile". Bloomberg Businessweek. Retrieved August 21, 2014.
  22. Barr, Alistair (July 21, 2006). "AIG says director Pei-yuan Chia plans to resign in September". MarketWatch. Retrieved January 18, 2018.
  23. "中銀完成重組架構" [Bank of China completes structural reorganization]. Wen Wei Po. May 10, 2001. Retrieved August 16, 2018.
  24. "賈培源先生辭任獨立非執行董事" [Pei-yuan Chia resigns as independent non-executive director] (PDF). BOC Hong Kong (Holdings) Limited. July 14, 2003. Retrieved August 16, 2018.
  25. Palikuca, Seka P. (April 14, 1997). "People". The Chicago Tribune. Retrieved August 16, 2018.
  26. "Mr Pei-Yuan Chia Joins Singapore Airlines Board". Odyssey Media Group. October 1, 2003. Retrieved August 16, 2018.
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