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April 24, 2024

UnionBank officers transfer to standalone trust subsidiary

Several senior officers from Aboitiz-led UnionBank of the Philippines have transitioned to new roles at UnionBank Investment Management and Trust Corporation (UBIMTC), effective March 1, 2024.

UBIMTC, a wholly owned subsidiary of UnionBank, was granted a certificate of authority by the Bangko Sentral ng Pilipinas in 2023, allowing it to operate as a standalone trust corporation.

This move prompted the transfer of the following UnionBank officers to key positions within UBIMTC:
* Eric S. Lustre: Chief Trust Executive and Executive Vice President
* Julian P. Tarrobago, Jr.: Chief Investment Officer and Senior Vice President
* Irma M. Lasquety: Acting Trust Officer and Senior Vice President
* Benjamin Jose B. Bondoc: Business and Product Development Head and Vice President
* Carol Grace P. Co: Trust Operations Head and Vice President
* J. Vincent R. Daffon: Market Strategy and Investment Head and Vice President
* Brian Jonathan C. Dy: Senior Equities Portfolio Manager and Vice President
* Bethel Edgar B. Castro: Trust Legal and Governance Head and Assistant Vice President
* Miguel Carlos D. Libongco: Senior Fixed Income Portfolio Manager and Assistant Vice President
* Aaron G. Mallari: Information Technology Lead – Trust and Investment Services and Assistant Vice President
* Alexis Deo C. Manalo: Trust Risk Team Lead and Assistant Vice President