Douglas Tong Hsu is Chairman and CEO of Far Eastern Group (FEG), one of the largest and most diversified conglomerates based in Taiwan. FEG currently has nine publicly listed companies, which are leaders in their respective fields and comprises more than 250 companies involved in Petrochemicals & Energy, Polyester & Textile, Cement/Building Material, Sea/Land Transportation, Bank/Financial Services, Telecom and Internet, Retail, Construction, Hotel, and CSR endeavors.
With total assets of US$85 billion and over 65,000 people in its workforce,FEG’s operations extend into China as well as Vietnam, Singapore, Malaysia, Hong Kong, Japan, and the U.S.
Mr. Hsu began his professional career at Citibank, NY, before returning to Taiwan and joining the Far Eastern Group in 1971. In 1979, he was appointed President of FETL (later renamed as Far Eastern New Century), and after many years he was appointed to become Chairman of the Group. From the Group’s founding motto of “Sincerity, Diligence, Thrift, and Prudence,” Mr. Hsu added one vital principle of “Innovation” to empower the Group in evolving and adapting to a dynamic world. He leads the Group for further growths and developments through continuous expansions, transformations, and restructuring.
Mr. Hsu holds a B.A. and M.A. from the University of Notre Dame, Indiana, and pursued post-graduate economics at Columbia University studying with Dr. Arthur F. Burns who served two consecutive terms as Federal Reserve Board Chairman. Mr. Hsu also holds an honorary doctorate of management from National Chiao Tung University, Taiwan awarded in 2002.
In 2016, Mr. Hsu was bestowed with the Order of Brilliant Star with Grand Cordon by the President for his contributions to Taiwan. Mr. Hsu was also listed as one of the Outstanding Corporate Sustainability Professionals in 2018 by Taiwan Corporate Sustainability Awards. Additionally, he was named in Taiwan’s Top 50 Best Performing CEOs by Harvard Business Review in 2016 and 2018.
Committed to social responsibility, the Group’s multiple non-profit Foundations established Taiwan’s leading technical institute, private university, and hospital. Far Eastern Memorial Foundation, Far Eastern Medical Foundation, and Mr. Y. Z. Hsu Science & Technology Memorial Foundation have been dedicated to sponsoring diverse cultural activities and medical research programs to make a broader difference in society. Furthermore, the Group also encourages innovative thinking in architecture and scientific research areas by nurturing young minds through its “Far Eastern Architectural Award,” “Y. Z. Hsu Scientific Chair Professor,” “Y. Z. Hsu Scientific Paper Award,” etc.
Mr. Hsu’s leadership positions outside FEG include MasterCard Asia/Pacific Regional Advisory Board (Board Director), Asia Business Council, Asian Cultural Council (Trustee, part of the Rockefeller Foundation), Asian Cultural Council Taiwan Foundation (Chairman), Trustee of University of Notre Dame (Emeritus), National Cultural & Arts Foundation (Board Member), and Asian Cultural Council Taiwan Foundation (Chairman).
Mr. Hsu is a devotee of architecture and collector of contemporary paintings & sculptures and Chinese art. He enjoys reading, travel, scuba diving, and sports.