Board of Directors of China Banking Corporation took up and approved Appointment of MR. JOSE LUIS A. ALCUAZ, JR. as Head of Business Re-Engineering and Optimization Division with a rank of First Vice President II, effective June 16, 2022. Mr. Alcuaz is a seasoned banker with over thirty (30) years of banking experience obtained locally and overseas. His core competencies are in the fields of business re-engineering and transformation, optimization of operations, change delivery, development and deployment of technology, data management, governance, compliance and financial crime and risk management.

In the past, he held key positions at the Hongkong and Shanghai Banking Corporation, as Chief Administration Officer, Head of Operational Management, Head of Performance Services, Chief Risk and Administration Officer, and Head of Service Delivery, to name a few. He also served as director and/or officer in different Philippine banking industry associations including the Philippine Clearing House Corporation, Bankers Association of the Philippines and Bancnet Incorporated. Mr. Alcuaz graduated from the Ateneo de Manila University where he finished a course in Liberal Arts major in Economics.

MS. CLARA C. SY, First Vice President I and Region Head of Retail Banking Business Segment – Metro Manila East Region, as Deputy Segment Head of RBBS, effective July 1, 2022; MR. JOSE L. OSMEÑA, JR., Senior Vice President and Deputy Head of RBBS, as Segment Head of RBBS, effective July 1, 2022; and MS. ROSEMARIE C. GAN, Executive Vice President and Segment Head of RBBS, as Adviser to the RBBS with the rank of Executive Vice President, effective July 1, 2022 until her retirement/end of engagement on December 31, 2022. Promotion of MR. JAMES CHRISTIAN T. DEE, Bank officer seconded to Bank Subsidiary China Bank Savings Inc. as President and Director, from First Vice President I to First Vice President II, effective June 16, 2022. Company also announced Rosemarie C. Gan Executive Vice President may retire Effective Date of Resignation/Cessation of December 31, 2022 due to retirement/end of engagement.