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May 27, 2024

Vote of confidence! NVT gets 6 years term extension as BDO prexy

Bankero Nestor V. Tan got another vote of confidence from the family of the late retail and banking magnate Henry Sy, getting another six-year extension as president and CEO of BDO Unibank Inc.

In a disclosure to the Philippine Stock Exchange (PSE), BDO said the bank’s Board of Directors approved the extension of Tan’s employment term until March 1, 2028.

Tan was elected to the Board of Directors on June 27, 1998 and was named president and CEO in April 2014.

The 64-year old bankero also holds the following positions in the BDO Group: chairmanship of BDO Strategic Holdings and BDO Network Bank; vice chairmanships and/or directorships in BDO Leasing and Finance Inc., BDO Capital & Investment Corp., BDO Finance Corp., BDO Life Assurance Company Inc., BDO Private Bank, and SM Keppel Land; and Trusteeship of BDO Foundation.

In addition, Tan is currently the chairman of the De La Salle University Board of Trustees; chairman of Bancnet, the operator of the electronic payment system, InstaPay, and the ATM switching utility for Philippine banks; and chairman of Mastercard Asia Pacific Advisory Board.

Tan was also the past president and chairman, and current director of the Bankers Association of the Philippines.

Prior to joining BDO Unibank, Tan was COO of the Financial Institutions Services Group of BZW, the investment-banking subsidiary of the Barclays Group.

Tan’s banking career spans nearly four decades and includes posts at global financial institutions, among them Mellon Bank in Pittsburgh, PA; Bankers Trust Company in New York, NY; and the Barclays Group in New York and London.

Tan holds a bachelor’s degree in Commerce from De La Salle University and an MBA from the Wharton School, University of Pennsylvania.