MR LORENZO V TAN
President & Chief Executive Officer, Rizal Commercial Banking Corporation
Current BAP President Lorenzo Villanueva Tan was re-elected President for the second time. He was first elected President of the BAP in 2013, re-elected in 2014 and recently at 23 March 2015.
Mr. Lorenzo V.Tan has been the Chief Executive Officer and President of Rizal Commercial Banking Corp. since April, 2007.
He was responsible for the business repositioning and growth of RCBC, the sixth largest private universal banks in the Philippines and a leading provider of a wide range of banking and other financial products and services including commercial and retail banking, credit cards, asset management, treasury and investment banking. Over the past 7 years, he steered the bank to unprecedented growth in its 54 year history. He oversaw the expansion of RCBC’s branch network from 294 in 2006 to 445, ATMs from 257 to 1,176 and growth in the number of customers from 800 thousand to 6.3 million customers as of the 2nd Quarter of 2014.
He spearheaded the bank’s acquisition of a 30-year old thrift bank and a family owned rural bank, which is set to drive RCBC’s future growth in the area of microfinance. Rizal Microbank, the first microfinance initiative of a universal bank in the Philippines, has grown its microfinance business 20 times over with annual loan disbursement for 2013 peaking at Php 440 million from Php 14.2 million in 2009. In early 2011 RCBC signed a bancassurance agreement with Sunlife-Grepa Financials.
He led the bank in achieving 57 awards in the past 3 years from world class institutions such as the Most Admired Board of Directors” which was given at the Asia CEO Awards. RCBC also been recognized as the “Best Commercial Bank and Best Banking Group in the Philippines” by the London-based World Finance magazine. Awards were also received from Asia Money, the Institute of Corporate Directors, Visa International, Asian Banking & Finance and Finance Asia Magazines, and the IDC Financial Innovations and Asia Responsible Entrepreneurship Awards (SouthEast Asia).
He has extensive experience in banking both in the Philippines and abroad. He served as President of PNB (2002-2005) and UCPB (1998-2002) and held various senior positions in Citibank North America and Citibank Singapore.
He was dubbed the “miracle man” by turning around the ailing PNB two (2) years ahead of its planned rehabilitation.
He also served as President of Sun Life of Canada (Philippines), where injust 18 months he revitalized its industry position from 5th in mutual funds to 2nd and from 7th in pre-need plans to number one.
A recipient of the Ten Outstanding Young Men of the Philippines Award for Banking in 1999, the International Association of Business Communicators CEO Excel Award for Insurance in 2006, and the Lifetime Achievement Awardee (2011) in Finance from De La Salle University.
He served as Chairman of the Asian Bankers Association, an association of 100 member banks from 26 Asian Countries from 2012 to November 2014. He is currently President of the Bankers Association of the Philippines, and Vice Chairman, TOYM Foundation.
As BAP president, he leads the Association in representing the BAP in the ASEAN Bankers Association (ABA), composed of the national banking associations from the 10-member countries in the Association of Southeast Asian Nations (ASEAN), where the BAP continues to chair the Permanent Committee on Education. One of the key objectives of the ABA is to contribute to the ASEAN Economic Community (AEC) by providing private sector support in alignment with AEC's goal.
A Certified Public Accountant in Pennsylvania, USA and in the Philippines Mr. Tan graduated from De La Salle University with a Bachelor of Science degree in Commerce and holds a Master of Management degree from the J.L. Kellogg Graduate School of Management, Northwestern University in Evanston, Illinois, USA.