Pei-yuan Chia

Pei-yuan Chia
Born	1939 (age 85–86) Hong Kong
Nationality	American
Alma mater	Wharton School of the University of Pennsylvania Tunghai University
Occupation	Banker
Employer	Citicorp
Spouses	Frances Chia ​ ​ (m. 1965; died 2003)​ Kitty Shen ​ (m. 2005)​
Children	3
Chinese name
Traditional Chinese	賈培源
Hanyu Pinyin	Jiǎ Péiyuán
Wade–Giles	Chia^3 Pei^2-yuan^2

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.

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 donated Chuan Yuan (荃園) in memory of his wife, Frances T.C. Yen Chia (嚴雋荃), at Tunghai University.

Chia was born in Hong Kong.[9] His father Dewey Teh-huai Chia (賈德懷; 1912–1998), the second son of Republic of China Ministry of Finance official Chia Shih-yi [zh], was prominent in Shanghai's finance industry.[10][11][12] His mother Kitty Shun-hua Chin Chia (秦舜華; 1916–2016), a daughter of educationalist Chin Fen [zh], was a graduate of Yenching University.[11][13] Chia's parents had moved to Hong Kong the year before his birth, and then the family moved again to Taiwan in 1951.[13] 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.[13] 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][14] He was naturalized as a U.S. citizen in 1970.[15]

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.[16][17] He had three children with her: Douglas, a lawyer; Katherine, an architect; and Candice.[18][19][20] He remarried in 2005 to his high school sweetheart Katherine "Kitty" Shen (沈君玉).[20][21]

To commemorate Frances' life, Chia endowed a garden in front of the women's dormitory at Tunghai University, which opened in November 2006.[17] 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.[22] 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.[22] As chairman of the Chia Family Foundation, he conducts philanthropic activities benefiting various educational and medical causes, including the Hoag Hospital Foundation.[20][23] In June 2022, Hoag named a hospital building in Irvine, California, for Chia and his wife Shen in recognition of their philanthropy.[21]

Chia also serves or previously served as:

• Director of American International Group (until 2006)[24]
• 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)[25][26]
• Director of Baxter International
• Director of Case Corporation (since 1997)[27]
• Director of CNH Global
• Director of Singapore Airlines (since 2003)[28]
• 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. No. 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. Archived from the original on May 26, 2015. 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. Archived from the original on May 26, 2015. 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. Archived from the original on May 26, 2015. Retrieved August 14, 2018.
7. Hansell, Saul (July 14, 1996). "For Bank's Boy Wonder, Gray Hairs and Lessons". The New York Times. Archived from the original on May 26, 2015. 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.
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. 陳柔縉 [Chen Rou-jin] (1999). 『總統的親戚: 台灣權貴家族』. Reading Times [zh]. ISBN 9789571329703.
11. 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.
12. "Deaths: Chia, Dewey Teh-Huai". The New York Times. August 27, 1998. Archived from the original on May 27, 2015. Retrieved August 16, 2018.
13. "Obituaries: Kitty S.H. Chia". McIntire, Bradham & Sleek Funeral Home. December 2, 2016. Archived from the original on August 15, 2018. Retrieved August 16, 2018.
14. "Outstanding Alumni". Tunghai University. Archived from the original on January 18, 2018. Retrieved January 18, 2018.
15. Zweigenhaft & Domhoff 2006, p. 180
16. "Frances Yen Married To Pei-yuan Chia Here". The New York Times. February 21, 1965. Retrieved August 14, 2018.
17. "【景點】愛的紀念花園 荃園" [Scenic spot: a garden to commemorate love]. Sina News. Retrieved January 18, 2018.
18. "Weddings: Jessica Chun and Douglas Chia". The New York Times. April 11, 1999. Archived from the original on May 27, 2015. Retrieved August 14, 2018.
19. Fickenscher, Lisa (June 8, 1998). "Ex-Citi Card Chief Featured in Decor Magazine". American Banker. Retrieved August 14, 2018.
20. "Giving from the Heart". Hoag Hospital Foundation. Retrieved July 7, 2021.
21. 蕭迪玉 [Hsiao Ti-yu] (June 10, 2022). "賈培源、沈君玉 冠名Hoag醫院醫療大樓" [Chia Pei-yuan, Shen Chun-yu give their names to Hoag hospital building]. World Journal. Archived from the original on June 11, 2022. Retrieved July 21, 2022.
22. "Frances and Pei-Yuan Chia Professor of Marketing: Dr. Fader". University of Pennsylvania Almanac. Vol. 50, no. 32. May 4, 2004. Retrieved January 18, 2018.
23. Cook, B. W. (December 18, 2018). "The Crowd: Christmas Carol Ball benefits Hoag". Los Angeles Times. Retrieved July 8, 2021.
24. Barr, Alistair (July 21, 2006). "AIG says director Pei-yuan Chia plans to resign in September". MarketWatch. Archived from the original on January 18, 2018. Retrieved January 18, 2018.
25. "中銀完成重組架構" [Bank of China completes structural reorganization]. Wen Wei Po. May 10, 2001. Retrieved August 16, 2018.
26. "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.
27. Palikuca, Seka P. (April 14, 1997). "People". Chicago Tribune. Archived from the original on August 16, 2018. Retrieved August 16, 2018.
28. "Mr Pei-Yuan Chia Joins Singapore Airlines Board". Odyssey Media Group. October 1, 2003. Retrieved August 16, 2018.

External links

• Photo with Victor Menezes at the Museum of Chinese in America
• Photo with his second wife Kitty Shen at the Museum of Chinese in America