Ng is the current CEO of East West Bank. Last summer, Biden appointed him to chair APEC, an economic advisory forum comprised of 21 member countries in the Pacific Rim.

However, his high-profile appointment is troublesome, considering Ng's ties to organizations that serve as cover for intelligence gathering for the CCP. Ng had previously held an "executive-director level" position at the China Overseas Exchange Association, a CCP intelligence organization, between 2013 and 2017.

East West Bank described that position as "honorary," and Ng had withdrawn from it in 2014 for "non-participation" despite reports to the contrary. Ng also served as the "executive director" for China Overseas Friendship Association in 2019.