SunStar
+ May 24, 2021 A NEW face, but a familiar one. Last April 22, the Bank of the Philippine Islands (BPI) welcomed Jose Teodoro TG Limcaoco as its new president and CEO.
The new chief is no stranger to the bank. Prior to his new role in BPI, TG Limcaoco served as Ayala s chief financial officer, chief risk officer, and chief sustainability officer. He previously served as executive vice president of BPI, became president of BPI Capital in 2007, president of BPI Family Savings Bank in 2010, and board member of BPI in 2019. He was also responsible for BPI s insurance businesses, Ayala Life and Ayala Plans, and had oversight over BPI Philam and BPI/MS Insurance Corporation.
Bunye: Changing of the guard at BPI
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Changing of the guard at BPI
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BPI chief exec to retire in April 2021; successor named
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At their year-end meeting on Wednesday, Dec. 16, the board of directors of the Bank of the Philippine Islands approved the succession plan for Jose Teodoro “TG” Limcaoco to succeed Cezar “Bong” Consing as president and CEO effective April 22, 2021.
Cezar “Bong” Consing
The board also thanked Consing, 61, for consenting last year to extend his term as president and CEO in order to help ensure an effective transition and for his stewardship especially during this year’s crisis.
Earlier this month, Consing, was elected board director of Ayala Corporation, BPI’s largest shareholder. After his term as president and CEO, he will remain a board director and executive committee member of BPI.