Born to Chinese immigrant parents. He was raised in Vancouver"s Chinatown. Wong became one of Canada"s most prolific money managers and was the Chairman of Household Bank. Many of his peers consider him one of the most innovative and tenacious financiers of his generation, combined with his business acumen who was able an entire community of businessmen and investors.
Wong"s foray in finance started after graduating from University in 1963 and started his own financial management company, M.K. Wong and associates.
He later sold this firm to Household Bank and became the head of Household Bank Asset Manager (Canada) Limited where took on managing billions of dollars within global assets. In addition to being a financier, he was an active venture capitalist and invested in numerous start-ups which include Nurse Next Door (a home care company) and Perceptronix Medical Incorporated.
(a company that specializes in early cancer detection testing). Wong was also a devout Christian.
In addition to being active in the world of Canadian finance, he has been on the boards of a myriad of organizations.
Simon Fraser University Chancellor
British Columbia Cancer Foundation Company-Chair
Salvation Army
Young Men’s Christian Association
Canadian Red Cross
David Suzuki Foundation
Vancouver General Hospital
He died on December 31, 2011 at the age of 72 from complications of pancreatic cancer. He has been honoured with numerous awards such as the Order of Canada and the Order of British Columbia and has been commended by numerous Vancouver politicians such as Gregor Robertson and British Columbia NDP Leader Adrian Dix for his business acumen, financial impact, civic leadership, and contributions to Canada. In 2013 the Canadian International Dragon Boat Festival Society established the Milton K Wong Project to honour his memory.
He was also an active member of the portfolio management program at the Sauder School of Business.