The Haas School of Business at the University of California, Berkeley has announced a $1 million gift from Haas School advisory board member Hsioh Kwang Wu to establish a fellowship fund that will enable business graduates from China to study at Haas.
The Hsioh Kwang Wu Family Fellowship Fund will enable two Chinese fellows each year to study at the Haas School in the executive education and other programs. Recently, the school has made a strategic commitment to expanding its global footprint, especially in Asia. Wu has taken an active role in that effort as a member of the school's advisory board, which he joined last year, and as an advisory board member of the school's Asia Business Center, which was launched in 2008.
Wu is the founder, executive chairman, and CEO of Singapore-based Straco Corp., a developer and operator of tourism-related businesses. He is also a council member of the Singapore Chinese Chamber of Commerce and Industry and a member of the standing committee of the Chinese Association of Enterprises with Foreign Investment.
"We are deeply grateful for the generosity and dedication that Hsioh Kwang Wu has shown to the Haas School since becoming a board member just one year ago," said Lyons. "His gift will enable Berkeley-Haas to build even richer connections with Asia as the region's importance continues to grow in the business world."