Culver City-based community development financial institution Century Housing announced on Tuesday, August 26 that it has appointed William Wong as Chief Financial Officer.
“Wong brings nearly 40 years of international experience in corporate finance, accounting, tax, investments, financial planning and risk management,” a statement reads. “He has helped raise nearly $1 billion in equity and debt capital over the course of his career, including through initial public offerings (IPOs), a convertible debt offering, an emerging market privatization, and Reg D capital. Wong’s appointment comes at a pivotal time for Century, a top-rated community development financial institution that exclusively finances affordable housing. As California faces a severe housing shortage, Century is scaling its lending and development portfolio to deliver thousands of affordable homes across the state. In 2024 alone, Century deployed $465 million to support the creation and preservation of more than 5,200 homes and generate over 7,000 construction jobs.
“We are pleased to welcome William Wong to Century Housing Corporation, where his breadth of experience will help deepen the impact of our investments in affordable housing across
California,” said Jim Mather, Acting President and CEO. “As Century marks its 30th anniversary and accelerates its financing, William’s leadership in capital markets will be invaluable in meeting the urgent need for housing.”
According to a company statement, “Wong previously served as Group Chief Financial Officer and Operating Partner at Taussig Capital Holdings, where he managed the creation of the world’s first bank focused exclusively on litigation finance. He was also a founding member and manager of multiple investment entities, including a hedge fund backed by Protégé Partners.
Earlier in his career, Wong held leadership roles at Oppenheimer, Salomon Smith Barney, and Salomon Brothers. He also served as a Certified Public Accountant in both the audit and tax practices at Arthur Andersen & Co., where his focus included the real estate industry. One of his multifamily developer clients was among the first to use the Low-Income Housing Tax Credit (LIHTC).”
“I am pleased to come full circle in my career and work again with developer clients and investors to create affordable housing,” Wong said. “The housing crisis demands our best efforts in this moment, and I look forward to contributing my knowledge and experience to furthering Century’s mission.”
“Wong earned an MBA from the Wharton School at the University of Pennsylvania and a bachelor’s degree in business administration, with honors, from the University of Southern California,” they said. “He has also served as an executive advisor and instructor for Junior Achievement International, provided pro bono support to Los Angeles-area nonprofits, and held board positions with TCI Holdings, SPAC Forum, and SPAC Insure RRG, among others.”
Visit century.org for more information.