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March 01, 2024

UnionBank formally hires data, AI expert, promotes another exec

Union Bank of the Philippines led by bankero Edwin Bautista has hired Dr. David Roi Hardoon as chief data and artificial intelligence (AI) officer effective last week.

Hardoon, a data and AI expert, has been serving as consultant of the Aboitiz-led bank.

The Board of Directors of the listed bank also announced the promotion of Bronell Gonzales to assistance vice president. product owner effective May 6 from his current position of senior manager.

It also hired Robertson Tolentino as quality management and training head under the bank’s customer engagement group with a rank of assistant vice president effective last April 25.

Meanwhile, the Aboitiz-led bank also announced the retirement of executive vice president Angelo Dennis Matutina effective May 3.


Security Bank posts net income of PHP9.1 billion in 2023

Security Bank Corporation (PSE: SECB) posted net income of PHP9.1 billion in 2023. Total revenues grew 8% year-on-year to PHP43.0 billion. Net interest income increased 19% to PHP34.7 billion. Net interest margin for the full year was 4.49%, higher compared to 4.23% in 2022. Total non-interest income was at PHP8.2 billion. Service charges, fees and commissions grew 15% to PHP6.1 billion, led by increase in fees from credit cards, remittances (which include Instapay fees) and bancassurance.

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