Rizal Commercial Banking Corp. (RCBC) is undergoing a significant leadership reshuffle as part of its strategy to accelerate digital transformation and pursue new growth opportunities, PhilStar reports.
These changes, effective 1st January 2025 pending regulatory approvals, include the appointment of Reginaldo Anthony Cariaso as the bank’s new Deputy CEO.
Cariaso, who previously served as RCBC’s Executive Vice President and Group Head of Operations, brings a wealth of experience from his previous roles at the Bank of the Philippine Islands (BPI), Nomura International, and JP Morgan.
This appointment however, triggers a cascade of internal moves.
Juan Gabriel Tomas IV, currently Chief Risk Officer and Group Head of Risk Management, will take over Cariaso’s former position as Group Head of Operations.
Bennett Santiago, previously Head of the Credit Management Group, will then step into Tomas’s role as Chief Risk Officer and Group Head of Risk Management.
Further strengthening its leadership team, RCBC has appointed Elizabeth Coronel as Group Head of Institutional Banking, where she will oversee both the SME Banking Group and the Corporate Banking Group.
RCBC’s restructuring also extends to its subsidiaries.
Simplicio dela Cruz, Jr. will move to Rizal Microbank Inc., RCBC’s thrift bank subsidiary, to serve as their President and CEO.
Meanwhile, Ismael Reyes, the current President and CEO of Rizal Microbank, will then transition to the Office of the RCBC President and CEO to focus on the bank’s retail and microbank transformation strategies.
Finally, Sheila Ricca Dioso, currently Chief Audit Executive, will expand her responsibilities by taking on the role of Chief Compliance Officer and Head of Regulatory Affairs Group.
These strategic leadership changes position RCBC to adapt to the evolving banking landscape and drive innovation in the Philippines.
Featured image credit: Edited from RCBC.
