Maybank Philippines announces new President
MAYBANK has announced the appointment of Mr. Herminio M. Famatigan Jr., as incoming President and CEO of Maybank Philippines, Inc. (MPI) with effect from March 15, 2012.
The appointment is subject to the confirmation by the Monetary Board of the Bangko Sentral ng Pilipinas (BSP).
Mr. Famatigan graduated from the University of the Philippines’ School of Economics and has more than 30 years of banking and finance experience.
This includes areas of corporate lending, retail banking, branch administration, distribution and consumer lending.
Prior to joining MPI, Mr. Famatigan was President and CEO of Premiere Bank.
Mr. Famatigan succeeds Mr. Amos Ong, who served as President and CEO of MPI since September 2006.
During Mr. Ong’s leadership, MPI has expanded its capabilities across retail banking, wholesale banking, and global markets for our clients in the Philippines.
For the July to December 2011 period, MPI’s net profit rose by 87% from the corresponding period of 2010 to Php273.9 million.
Mr. Ong will be heading Regional Client Coverage for Global Wholesale Banking, Maybank Singapore.
MPI has been in the Philippines since 1997 and recently announced plans to open 3 additional branches in 2012, bringing the total branch network to 55.
Construction of its Corporate Headquarters in Bonifacio Global City in Taguig is going full swing, with completion projected for November 2012.
Synergies continue to gain momentum with Maybank ATR Kim Eng, the leading brokerage house in the Philippines.
Maybank Philippines is a member of the Maybank Group, one of Southeast Asia’s largest and leading financial services providers, with presence in 17 countries worldwide, including key financial centres such as Hong Kong, Shanghai, New York, Bahrain, London and Singapore.
Maybank Group has over US$135 billion in group assets and is currently ranked fourth among South East Asia’s top banks.