, Philippines

Roberto de Ocampo appointed chairman of Philippine Veterans Bank

Was former Philippine Secretary of Finance.

Roberto de Ocampo said his term as Chairman markes a fresh new beginning for Philippine Veterans Bank, a medium-sized commercial bank owned by some 400,000 Philippine World War II war veterans and their heirs.

De Ocampo said he intends to revitalize PVB and transform it into an active major player in the banking industry, not just locally but also globally.

He is the son of a Filipino World War II veteran and his election was hailed by the Veterans Federation of the Philippines.

De Ocampo was formerly President of the Asian Institute of Management and was the youngest Chairman and Chief Executive Officer of the state-owned Development Bank of the Philippines.

During his term as finance secretary, De Ocampo was credited with turning around the Philippine government’s fiscal position from large deficits to surpluses. His term saw the longest period of consecutive years of fiscal surpluses in the Philippines.

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