BDO Unibank Incorporated Governance and Subsidiaries

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BDO Unibank Incorporated is a major Filipino bank that's been around since 1968. It was founded by the Sy family, who also founded SM Investments Corporation.

The bank has a robust governance structure, with a Board of Directors that oversees its operations. The Board is composed of experienced professionals who bring a wealth of knowledge and expertise to the table.

BDO Unibank Incorporated has a number of subsidiaries that operate under its umbrella. These include BDO Private Bank, BDO Nomura Securities, and BDO Leasing and Finance.

Management and Governance

The management team at BDO Unibank Incorporated is led by Nestor Tan, who has been serving as the Chief Executive Officer since 1998. He's been at the helm for over 24 years.

Nestor Tan is joined by Ernesto Ladrido, who took on the role of Chief Operating Officer in 2023. Federico Tancongco has been Compliance Officer since 2017. Elmer Serrano has been the Chief Technology/Science/R&D Officer for many years, and Michael Christopher Lualhati took over this role in 2023.

Here's a brief overview of the management team:

Managers:

Credit: youtube.com, The Difference Between Management and Governance | Gary Bisbee, Ph.D., Think Medium

The management team of BDO Unibank, Inc. is led by Nestor Tan, who has been serving as the Chief Executive Officer since 1998. He's been at the helm for a long time.

The Chief Operating Officer is Ernesto Ladrido, who took on the role on January 31, 2023. His age is not publicly disclosed.

Elmer Serrano is the Chief Tech/Sci/R&D Officer, and he's 57 years old. He's been in this position for an unspecified amount of time.

Federico Tancongco is the Compliance Officer, and he's 64 years old. He's been in this role since May 25, 2017.

Michael Christopher Lualhati is also the Chief Tech/Sci/R&D Officer, and he took on the role on August 24, 2023. His age is not publicly disclosed.

Here's a brief overview of the management team's tenure:

Board Members

The board members of BDO Unibank, Inc. play a crucial role in shaping the company's direction and making key decisions. Nestor Tan, the current director, has been on the board since 1998.

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Teresita Sy-Coson, the chairman, has been in this position since 2010. She's been a key figure in the company's growth and success. At 74 years old, she brings a wealth of experience to the table.

Josefina Tan, another director, has been on the board since 2001. At 90 years old, she's one of the oldest members of the board. Her longevity and experience are a testament to her dedication to the company.

Here's a list of the current board members, including their ages and the year they joined:

The board members bring a diverse range of skills and experience to the table, ensuring that the company is well-equipped to navigate the ever-changing business landscape.

Dao Heng

Dao Heng's Philippine subsidiary merged with BDO Unibank on June 15, 2001, resulting in BDO Unibank as the surviving entity.

This merger led to a significant increase in BDO Unibank's branch network, expanding from 108 branches before the merger to 120 branches after the merger.

Frequently Asked Questions

Are BDO and BDO Unibank, Inc the same?

BDO and BDO Unibank, Inc. are one and the same entity, with BDO Unibank being the full name of the Philippine banking company. BDO is its commonly used nickname.

Does Banco de Oro have branches in the USA?

BDO USA has a presence in the US market with over 75 offices and 12,000 professionals. However, BDO USA is a separate entity from Banco de Oro, a Philippine-based bank.

Who owns BDO Unibank?

BDO Unibank is primarily owned by the SM Group and IFC (International Finance Corporation)/IFC Capitalization Fund. For more information on ownership, please see the Corporate Governance section of our website.

Sean Dooley

Lead Writer

Sean Dooley is a seasoned writer with a passion for crafting engaging content. With a strong background in research and analysis, Sean has developed a keen eye for detail and a talent for distilling complex information into clear, concise language. Sean's portfolio includes a wide range of articles on topics such as accounting services, where he has demonstrated a deep understanding of financial concepts and a ability to communicate them effectively to diverse audiences.

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