China Banking Corp. is searching for a new head of its brokerage unit after the retirement of China Bank Securities Corp. (CBSEC) president and Chief Executive Officer I Marisol Teodoro.
In a disclosure to the Philippine Stock Exchange, Chinabank said Teodoro, a first vice president of the bank who was seconded to CBSEC, will retire effective Sept. 1, 2026.
The bank’s executive committee approved the recall of her secondment effective Aug. 17. She will serve as adviser to CBSEC from Aug. 17 to Aug. 31.
Chinabank said it is identifying a successor and will announce the appointment after securing the required internal approvals.
CBSEC was established in March 2017 after China Bank Capital Corp. acquired ATC Securities Inc.
The company is licensed by the Securities and Exchange Commission to operate as a broker-dealer for peso- and dollar-denominated securities, including real estate investment Trusts.
