Professional banker Nonilo “Nilo” Cruz has been named the new chief operating officer (COO) of the Philippine Veterans Bank (PVB).
According to PVB, Nilo is expected to strengthen the local commercial bank’s operational productivity and performance to ensure efficiency and profitability.
Nilo, who has three decades of experience in banking and corporate operations with various local and multinational banks, said he was looking forward to develop new strategies that will reinvigorate PVB.
Before joining PVB, Nilo was a senior executive of Australia and New Zealand Banking Group (ANZ), Manila for 17 years. Before that he did a three year stint as vice president of the Equitable Banking Corporation (now Banco de Oro).
In his stint at ANZ, Nilo led a team that elevated the bank’s standing to country’s top arranger of syndicated loans in 2009-2010 and the top book runner of syndicated loans in both years. He was also part of a senior leadership team that scored in the opening of business and franchise plan in the country which led to ANZ’s ability to generate profits ahead of schedule. In his last role as an investment banker, Nilo was made to account a significant portion of the bank’s annual revenues.
Nilo is a recipient of several banking awards including the inaugural collaborative breakout award in 2002 and the region-wide 2010 C&IB Asia Excellence Award.
A holder of marketing management degree from the De La Salle University, Nilo earned his Master’s in Business Administration at Murdoch University of Australia’s Manila program.