BAP elects 2014 board and officers
The Bankers Association of the Philippines’ new board retained Lorenzo V. Tan, President and CEO of Rizal Commercial Banking Corp., as president for a second term and Antonio C. Moncupa, President and CEO of EastWest Bank, as first vice-president.
The members of the Bankers Association of the Philippines (BAP), a non-stock, non-profit organization mandated to further the interests and act as the unifying voice of the country’s commercial banking industry, held their elections on March 24, 2014.
Other top-ranked banking executives named to the new BAP board were: Enrico S. Cruz, Managing Director and Chief Country Officer of Deutsche Bank AG, BAP second vice president; Gil A. Buenaventura, President-CEO of Development Bank of the Philippines as BAP secretary; and Roberto L. Panlilio, Managing Director and Senior Country Officer of JP Morgan Chase Bank N.A. – Manila Branch. as BAP treasurer. Cesar O. Virtusio remains as Executive Director of the BAP.
Completing the 2014 BAP board membership are: Abraham T. Co, President of Asia United Bank; Cezar P. Consing, President-CEO of Bank of the Philippine Islands; Fabian S. Dee, President of Metropolitan Bank & Trust Co.; Reynold Y. Gerongay, President-CEO of Robinsons Bank Corp.; Mahendra Gursahani, CEO of Standard Chartered Bank; Jaime C. Laya, Chairman-President of Philippine Trust Company (Philtrust Bank); Omar Byron T. Mier, President-CEO of Philippine National Bank; Justo A. Ortiz, Chairman-CEO of Union Bank of the Philippines; Masato Tsunoda, General Manager of Mizuho Corporate Bank Ltd. – Manila Branch; and Alberto S. Villarosa, President & CEO, Security Bank Corporation.
EastWest is a subsidiary of the Filinvest Development Corporation (FDC), one of the largest and well-established business conglomerates in the country. FDC, established in 1955, is identified with the Gotianun family and, aside from banking; its business interests include real estate, sugar, hospitality and tourism, and power generation.