Union Digital Bank said Tuesday its board accepted the resignation of Henry Aguda as president and chief excutive effective Aug. 1, 2024.
Aguda will hand over the leadership of UnionDigital to Danilo Mojica II, currently a director of the UnionDigital board.
Mojica brings with him over 35 years of local and international C-level corporate and consulting experience in various fields and industries like FMCG, airline, telecommunications, financial services and in financial technologies.
“We respect Henry’s decision to pursue opportunities that are more aligned to his personal development goals, and we wish him the best. Our appointment of Bong, who is close to UnionDigital’s business and operations as a board director, will ensure continuity and the uninterrupted execution of the bank’s plans for growth and its strategic initiatives,” said Justo Ortiz, chairman of UnionDigital board of directors.
Aguda also submitted his resignation as senior executive vice president of Union Bank of the Philippines. This was also accepted by the UnionBank board and will be effective Oct. 1, 2024, to allow Aguda to have enough time for an effective turnover and transition to Mojica as UnionDigital president and CEO successor.
UnionDigital is one of the six Bangko Sentral ng Pilipinas-licensed digital banks in the Philippines and is a subsidiary of Union Bank of the Philippines.
