Fai-Nan Perng, who was born in 1939 in Taiwan, received his bachelor’s degree in economics from National Chung Hsing University in 1962, and master’s degree in economics from the University of Minnesota in 1971. He received an honorary doctorate of law from the University of Minnesota in 2006.
Perng has served as governor of Central Bank in Taiwan since 1998. Before that he worked as director general of the Economic Research Department and director general of the Foreign Exchange Department at Central Bank in Taiwan. In 2000, he represented Taiwan at the 8th unofficial Asia-Pacific Economic Cooperation economic leaders conference. He was listed in Global Finance magazine as one of the “World’s Top Bankers” and is the first central bank chief to receive a grade A for the 10th time since 2000 (as of 2013). His organization was named “Central Bank of the Year” in Asia in 2009, recognizing his prompt reaction to the global financial crisis in 2008.
He received the University of Minnesota Outstanding Achievement Award in 2000 and has served as president of University of Minnesota Alumni Association-Taiwan Chapter.