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Rizal Commercial Banking Corporation’s new president and CEO Reginaldo ‘Reggie’ Cariaso enters his new role with nearly three decades of experience in global and domestic finance
MANILA, Philippines – Rizal Commercial Banking Corporation (RCBC) appointed Reginaldo “Reggie” Cariaso as its new president and chief executive officer, the bank announced on Tuesday, July 1.
Cariaso will be replacing Eugene Acevedo, who is retiring after six years as the bank’s chief. Acevedo will remain in the bank as a member of its board of directors.
Cariaso is entering the top job with nearly three decades of experience in global and domestic finance. Prior to joining RCBC, he held senior leadership positions at the Bank of the Philippine Islands and JP Morgan Hong Kong.
The new RCBC chief was appointed the bank’s deputy and CEO in January this year. Cariaso previously headed the bank’s Operations Group, where he led company initiatives that helped streamline processes and enhance service delivery.
In a statement, Cariaso said he hopes to position RCBC as a digitally driven customer-first bank. He aims to achieve this by enhancing the banking experience through data intelligence and enterprise integration.
“Our focus is clear. We will build more seamless connections to deliver relevant, timely, and intuitive financial solutions,” he said.
Cariaso also wants RCBC to go beyond traditional offerings such as loans and deposits to remain competitive in the banking landscape.
RCBC’s net income grew 10% in the first quarter to P2.43 billion thanks to the strong momentum of its core businesses. Net interest income grew 29% year-on-year, carried by a 39% surge on consumer loans. – Rappler.com
