BAP names BPI prexy TG Limcaoco as new president

The Bankers Association of the Philippines (BAP) on Wednesday named Bank of the Philippine Islands (BPI) president and CEO Jose Teodoro “TG” Limcaoco as the organization’s new chief.

Limcaoco, along with other new set of officers, will serve the organization for the term 2023-2024.

“I am thankful for the trust that BAP members have placed in me to lead the organization into greater heights. As our country faces renewed challenges from global economic headwinds, there is a call for us in the banking industry to be forces of stability and growth so that our economy will continue to progress,” he said.

“Given the advocacies we have pursued throughout the years and our strong alliance with partners such as the Bangko Sentral ng Pilipinas, the Philippine banking industry continues to be in a strong position to withstand shocks and serve the needs of the Filipino public,” he added.

Other officers who were elected include:

•     1st Vice President - Lynette  Ortiz, CEO of Standard Chartered Bank
•     2nd Vice President - Eugene Acevedo, president and CEO of Rizal Commercial Banking Corporation
•     Treasurer - Edwin Bautista, president and CEO of Union Bank of the Philippines
•     Secretary - Michelangelo Aguilar, president and CEO of Bank of Commerce

For his part, outgoing BAP president Antonio Moncupa highlighted the various milestones the achieved by the organization:

•     Improving the framework and governance of payments infrastructure
•     Working with legislators to promote market-determined resource allocation
•     Continued coordination with regulatory authorities on matters such as open finance, data privacy, and the ongoing Application Programming Interface ( API-XML) project
•     Improving and updating market products and practices

“There have been a lot of activities in 2022, and the coming years promise to be as frenetic,” Moncupa said.

“However, we can continue to achieve greater milestones because of the support and guidance of our board of directors. Issues continue to be manageable because of the working committees who do the actual spade work,” the outgoing BAP chief said.—AOL, GMA Integrated News