Metropolitan Bank and Trust Co. (Metrobank) chaired by ultra bilyonaryo Arthur Ty voted in two new directors during its annual stockholders’ meeting on April 27.
Trusting Social AI Philippines country CEO Juan Miguel Escaler was elected independent director in place of former Development Bank of the Philippines president Francisco F. Del Rosario Jr. who left the board after nine years.
The 56-year old Escaler, former co-head of investment banking at Credit Suisse Philippines executive director at Goldman Sachs Singapore, was named head of the nominations committee and a member of the committees on information technology and corporate governance.
Philippine Savings Bank president Jose Vicente Alde took over the seat of AXA Philippines president and former Finance Undersecretary Solomon Cua. Both PSBank and AXA Philippines are controlled by Metrobank.
Alde was voted as a member of the committees on trust, risk oversight, anti-money laundering and IT.