Ayala Corp. yesterday announced the appointment effective April next year of Jose Teodoro Limcaoco as president of the Bank of Philippine Islands (BPI)
Jaime Augusto Zobel de Ayala, Ayala chairman, said in a statement Limcaoco, currently the bank’s chief finance officer (CFO), will succeed Cezar Consing as president and chief executive officer after the BPI stockholders’ meeting set for April 22, 2021.
Globe Telecom chief commercial Officer Alberto de Larrazabal will succeed Limcaoco as the Ayala Group’s CFO as well as chief risk officer, and chief sustainability officer.
De Larrazabal joined Globe Telecom in June 2006 as head of its Treasury Division overseeing treasury, tax and insurance operations. He was promoted to the role of CFO and treasurer in 2010. In November 2015, De Larrazabal was elevated to a newly created role of chief commercial officer, overseeing all customer facing units and growing revenues across all products and service groups.
Zobel said Limcaoco is an outstanding and valued leader in our group. “His deep background in banking and finance, innovation and digitalization, risk management and ESG (environmental, social and governance), and the strong alliances he has forged have been indispensable to Ayala Corp.,” Zobel said.