Rizal Commercial Banking Corp. (RCBC) appointed Reginaldo Cariaso as its new president and chief executive effective July 1, 2025.
Cariaso will take the helm of the Yuchengco-controlled financial institution from Eugene Acevedo, who is retiring after six years.
RCBC said Cariaso brings nearly 30 years of experience from both global and local financial institutions, including senior roles at Bank of the Philippine Islands and JP Morgan Hong Kong, and earlier service as a lieutenant in the U.S. Navy Submarine Force.
Prior to his appointment as the bank’s deputy and chief executive early this year. Cariaso headed the bank’s operations group where he led key initiatives that enhanced service delivery, streamlined processes, and fortified the bank’s infrastructure.
Cariaso aims to strengthen RCBC’s position as a digitally-driven customer-first bank by focusing on accelerating the bank’s financial innovations while enhancing banking experience through data intelligence and enterprise integration.
“Our focus is clear. We will build more seamless connections to deliver relevant, timely, and intuitive financial solutions. We want to serve our customers in ways that are not only accessible and secure, but meaningful and future-ready,” Cariaso said.
In order to stay competitive in the banking industry, he also noted the need for the bank to go beyond traditional offerings such as loans and deposits.
He cited the need to upgrade the bank’s approach, moving beyond basic transactions to a more scalable strategy using digital tools, data, and smarter systems to deliver better products and outcomes to clients.
“From payments to platforms to partnerships, everything must work together to create lasting value,” Cariaso said.
RCBC said Cariaso’s appointment is a carefully planned leadership transition aimed at ensuring continuity and forward momentum.
Meanwile, Acevedo will remain as member of RCBC’s board of directors.
RCBC reported a 10-percent increase in consolidated net income to P2.43 billion in the first quarter of 2025.
Gross revenue climbed 20 percent to P14.7 billion, driven by a 39-percent surge in consumer loans.
