News & Press

July 18, 2021

2021 Power of Diversity: Asian 100 – Richard Siu (City and State New York)

Asian Americans are gaining political power in New York. In 2018, John Liu and Kevin Thomas became the first Asian Americans elected to the state Senate. This year, they were joined by state Sen. Jeremy Cooney, the first upstate Asian American elected to state office. Jenifer Rajkumar and Zohran Mamdani also made history in last year’s elections as the first South Asians elected to the Assembly, where they joined fellow Asian American trailblazers Ron Kim and Yuh-Line Niou. Although Andrew Yang’s mayoral bid fizzled, as many as half a dozen Asian Americans are on track to secure seats in the New York City Council, up from two currently in office.

Of course, Asian Americans are not a monolithic group – a reality reflected on City & State’s latest Power of Diversity: Asian 100. The largest subgroups are Chinese and Indian Americans, and some of the most influential individuals – including Yang, Liu, Niou and Rep. Grace Meng – are Taiwanese Americans. Koreans also make up a sizable share of the list – which was researched and written in partnership with journalist Natasha Ishak – while Pakistan, the Philippines, Bangladesh, Sri Lanka, Cambodia, Indonesia and Vietnam are all represented as well.

Richard Siu

Chief Investment Officer, F&T Group

F&T Group is one of Flushing’s most active developers, with Richard Siu playing a lead role. As part of the FWRA developer consortium, the company won approval from the New York City Council for the controversial Special Flushing Waterfront District development. Its construction plan includes a 13-tower mixed-use complex of housing, hotels, offices and shops across 29 acres of land in Queens. In a 2016 interview, the company’s leadership spoke of their ambitions to turn the area into an “Asian Times Square.”

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