Philippines: UnionBank okays Bautista’s appointment as president and CEO

Edwin Bautista (visual from Aboitiz website)

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.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.