Filipino heads Asian bankers group
By MST Business
Mar. 31, 2013
Rizal Commercial Banking Corp. president and chief executive Lorenzo Tan leads two of the largest groups of bankers in the Philippines and Asia.
The 51-year-old banker has been recently named president of the influential Bankers Association of the Philippines, in a concurrent capacity as chairman of the prestigious Asian Bankers Association.
Tan, widely known as “the miracle man” for dramatically turning around several local financial institutions, replaced Alberto Villarosa of Security Bank as head of BAP.
“I’m coming in as BAP president at a very good time. The economy is on an upswing and the banking industry can play a big role in sustaining the country’s progress,” Tan says. “As an advocate of innovation and change, I will push for a banking industry that is able to maximize available technologies in introducing products and services that cater to the ever changing needs of our customers.”
Earlier in November 2012, Tan was elected chairman of the Asian Bankers Association, an alliance of Asia Pacific’s most influential banks with the aim of providing a forum for advancing the cause of the banking and finance industry in the region and promoting regional economic cooperation.
“As I concurrently lead the ABA as its chairman, I intend to be sensitive to developments and trends across the region and see which learnings from other member countries can be adopted locally and bring in significant benefits,” he says.
Prior to joining RCBC in 2007, Tan was president and chief executive of Sun Life of Canada (Philippines). He also took the helm at the Philippine National Bank where he turned the formerly losing bank’s performance around in two years, ahead of its five-year schedule. He also served as president of the United Coconut Planters Bank.
A graduate of the JL Kellogg Graduate School of Management, Northwestern University in Evanston, Illinois, Tan finished a commerce degree from the De La Salle University in 1982. He also held executive posts in Citibank New York, Los Angeles and Singapore.
Tan also spearheads the campaign of RCBC and parent firm Yuchengco Group of Companies to spread the values of national hero Jose Rizal nationwide. YGC and RCBC have recently completed the Palawan leg of the Buhay Rizal values campaign.
The YGC established the campaign as one of its core social responsibility programs with the intention of instilling a sense of nationalism among the Filipino people through two nation-building projects, the Rizalian Pride restoration and the Rizalian books donation.
Tan and Puerto Princesa City Mayor Edward Hagedorn led the first wave of the campaign activities with the unveiling of the renovated Rizal monument in the provincial capital.
“Rest assured that the support from the local government of Palawan and its officials will be maximized so that the campaign’s main thrusts will be brought more effectively and closer to the people of this province,” says Tan.
Through partnerships with local government units and communities, the Buhay Rizal values campaign has been able to restore more than eight Rizal monuments nationwide and distribute almost 50,000 copies of Noli Me Tangere books since its founding in 2008.
The 51-year-old banker has been recently named president of the influential Bankers Association of the Philippines, in a concurrent capacity as chairman of the prestigious Asian Bankers Association.
RCBC president and chief executive Lorenzo Tan (third from left) attends the unveiling of the newly restored Rizal monument in Puerto Princesa City, Palawan.
“I’m coming in as BAP president at a very good time. The economy is on an upswing and the banking industry can play a big role in sustaining the country’s progress,” Tan says. “As an advocate of innovation and change, I will push for a banking industry that is able to maximize available technologies in introducing products and services that cater to the ever changing needs of our customers.”
Earlier in November 2012, Tan was elected chairman of the Asian Bankers Association, an alliance of Asia Pacific’s most influential banks with the aim of providing a forum for advancing the cause of the banking and finance industry in the region and promoting regional economic cooperation.
“As I concurrently lead the ABA as its chairman, I intend to be sensitive to developments and trends across the region and see which learnings from other member countries can be adopted locally and bring in significant benefits,” he says.
Prior to joining RCBC in 2007, Tan was president and chief executive of Sun Life of Canada (Philippines). He also took the helm at the Philippine National Bank where he turned the formerly losing bank’s performance around in two years, ahead of its five-year schedule. He also served as president of the United Coconut Planters Bank.
A graduate of the JL Kellogg Graduate School of Management, Northwestern University in Evanston, Illinois, Tan finished a commerce degree from the De La Salle University in 1982. He also held executive posts in Citibank New York, Los Angeles and Singapore.
Tan also spearheads the campaign of RCBC and parent firm Yuchengco Group of Companies to spread the values of national hero Jose Rizal nationwide. YGC and RCBC have recently completed the Palawan leg of the Buhay Rizal values campaign.
The YGC established the campaign as one of its core social responsibility programs with the intention of instilling a sense of nationalism among the Filipino people through two nation-building projects, the Rizalian Pride restoration and the Rizalian books donation.
Tan and Puerto Princesa City Mayor Edward Hagedorn led the first wave of the campaign activities with the unveiling of the renovated Rizal monument in the provincial capital.
“Rest assured that the support from the local government of Palawan and its officials will be maximized so that the campaign’s main thrusts will be brought more effectively and closer to the people of this province,” says Tan.
Through partnerships with local government units and communities, the Buhay Rizal values campaign has been able to restore more than eight Rizal monuments nationwide and distribute almost 50,000 copies of Noli Me Tangere books since its founding in 2008.
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