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Palmer Chiyuan Sze, 99

Thursday, April 29, 2010   (0 Comments)
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Palmer Chiyuan Sze Banker in China, professor at N.J. universities, 99 |

Palmer Chiyuan Sze of Chatham passed away Friday, April 23, in the King James Care Center in Chatham Township. He was 99.

Palmer was born on Oct. 10, 1910, one year after the Wuchang Uprising, the founding of the Chinese Republic. His early education was in Tientsin and Peking, where he graduated from the Peking American School in 1929. Instead of going to the U.S. or England, he entered Yenching University in Peking and graduated in 1933. For graduate studies, he earned an M.B.A. from Harvard University and a Ph.D. from New York University.

His banking experience was with the National City Bank of New York in N.Y.C. and mainly in the Central Bank of China. At Central Bank, he was a foreign exchange trader, commercial credit supervisor and was in charge of foreign exchange trading in Hong Kong, Canton, and Shanghai. During a period of detailing from the bank, he was appointed by the executive yuan of the government to serve as director of export and import control of South China, stationed in Hong Kong. His last position in Central Bank was assistant general manager in banking for the central bank system.
After immigrating to the U.S., he was a professor at Seton Hall University, Saint Peter's College, and Rutgers University, all in New Jersey. During his teaching career, he also simultaneously served as consultant to the Alexander Hamilton Institute, The New York Stock Exchange, and the State of New Jersey. He retired in 1978 and lived in Chatham, N.J.

His first wife, Edith Bien, passed away in 1959. He remarried to Lily Tsien, who was a program specialist in UNESCO (United Nations Educational, Scientific and Cultural Organization) in 1966. They spent their golden years in Chatham.

Palmer is survived by his beloved wife, Lily; his adoring children, Maureen Sze, Robert Sze and his wife, Corinne, and Melanie Sze; his brothers, Morgan and YY Sze; also survived by four grandchildren and two great-grandchildren.

Arrangements are by Wm. A. Bradley & Son, Chatham, N.J To send condolences or for further information, go to

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