Edwin Bautista, current chief operating officer of UnionBank of the Philippines (UnionBank), is set to become the company’s president and CEO with the approval of Justo Ortiz’s retirement on Friday, August 25.
The commercial bank’s board of directors approved Bautista’s appointment who will take on the new role on January 1, 2018.
Ortiz, however, shall continue to serve as UnionBank’s chairman of the board of directors after his retirement.
UnionBank’s board of directors likewise approved on Friday the designation of its senior executive vice president Eugene Acevedo as chief mass market and financial inclusion executive which took effect immediately.
Based on Bautista’s LinkedIn profile, he has been UnionBank’s president and COO since January 2016. He joined the company in 1998 as senior executive vice president.
In 2004, he became chairman of the board of the listed bank’s financial services unit First Union Plans, a position he held for seven years.
Bautista later on served as president and CEO of International Exchange Bank Philippines (iBank) in 2006 until its merger with UnionBank.
He also did a stint as brand manager of Procter & Gamble from 1983 to 1987.
Bautista took an advanced management program at Harvard Business School, and also earned a degree in mechanical engineering at the De La Salle University in Manila.