RCBC names AREIT CEO as independent director

Independent director Erika Fille Legara has been named to the advisory board.

Rizal Commercial Banking Corporation (RCBC) announced several new appointments, including a new advisory board member and two new directors, according to a filing at the Philippine stock exchange.

Erika Fille Legara has been named as an advisory board member, effective 26 January 2026. She has served as an independent director since 25 July 2022.

Alberto de Larrazabal fills in the vacancy left behind by Legara. He also joins RCBC’s risk oversight committee, audit and compliance committee, corporate governance and nominations committee, and related party transactions committee.

De Larrazabal is currently executive director, president, and CEO of AREIT, Inc. and AC Infrastructure Holdings Corporation. AREIT is the first and largest real estate investment trust in the Philippines, according to its website.

He was senior managing director and chief finance officer/ finance group head of Ayala Corporation up until December 2025.

RCBC also announced a new director from SMBC, following the Japanese megabank’s purchase of RCBC shares once held by the International Finance Corporation (IFC).

Kaoru Furuya has been appointed director, effective 26 January 2026. Furuya is the managing director and senior general manager of SMBC’s global banking unit. He is also a director of Cambodia’s ACLEDA Bank.