Rizal Commercial Banking Corp. of the Yuchengo Group is now led by veteran banker Eugene Acevedo effective July 1, 2019, following the retirement of Gil Buenaventura.
Buenaventura, who has steered the bank through the challenges of the past three years, will continue to serve as a member of the board of directors of the bank.
Previous to his appointment, Acevedo held senior leadership positions in three banking organizations. As a managing director with Citibank, he was regional head of derivatives structuring based in Singapore, country treasurer for the Philippines and Hong Kong, global markets head for Hong Kong/Taiwan/Macau, and treasurer of Citicorp International Ltd. He was president and chief executive officer of Philippine National Bank.
A technology advocate, Acevedo is expected to lead the bank’s digital transformation journey. He comes well equipped with a track record of success. As chairman of CitySavings, his team used technology to transform customer experience and produced the highest return on equity in the industry, delivering over a third of UnionBank’s earnings.