John Januszczak will step down as President and Chief Executive Officer (CEO) of UBX Philippines Corp., the financial technology (fintech) arm of Union Bank of the Philippines, Inc. (UnionBank), effective 16 June 2025. UnionBank announced on Tuesday that the UBX board has accepted his resignation.
Mario Domingo, UBX’s Chief Commercial Officer, will assume the role of officer in charge to ensure a smooth transition. John Januszczak has held the top position at UBX since the company began operating in 2018.
Jose Emmanuel U. Hilado, Chairman of the UBX Board of Directors, stated, “We appreciate and respect John’s decision to focus on personal priorities at this point in his life, and we wish him the best.”
“We would like to thank John for his contributions and dedication to UBX during his leadership term,” Jose said.
Earlier, in November 2024, UBX partnered with JUST Finance and a consortium of Philippine banks to launch a multi-currency stablecoin exchange. This platform, built on a public but permissioned blockchain, facilitates the exchange of various currencies using stablecoins like USDC.
The exchange aims to simplify cross-border payments and foreign exchange transactions, making them faster and more affordable, particularly for freelancers, SMEs, and overseas Filipino workers.
John Januszczak, as CEO of UBX at the time, expressed delight in spearheading this initiative with other partners in the Philippine banking industry, believing it would improve security, efficiency, liquidity, and cost in cross-border and foreign exchange transactions.
Featured image: Edited by Fintech News Philippines, based on image by UBX and mrsiraphol via Freepik.
