EastWest Bank to appoint new CEO, President

New CEO is current strategy consultant for the bank’s parent company Filinvest.

Philippine lender EastWest Bank is appointing a new CEO and president as long-time chief Antonio Moncupa, Jr. prepares to step down from the role by end-2022.

Jacqueline Fernandez will take over as president effective 1 July, becoming the bank’s first-ever female president in its history. Before joining EastWest Bank in 2006, Fernandez reportedly served credit risk and remedial management roles for Standard Chartered Bank and Far East Bank.

Jerry Ngo, who is currently a strategy consultant for the bank’s parent company Filinvest Development Corp., will replace Moncupa effective 1 January 2023.

Prior to joining Filinvest, Ngo served as group chief finance officer and independent board director of Saratoga Investama Sedaya, an Indonesia-based investment holding company.

After stepping down as CEO, Moncupia–who served the role for the last 16 years–will remain as vice chairman of the board of directors of EastWest Bank.