MANILA, Philippines - Former National Treasurer Sergio G. Edeza will take over as chief executive officer (CEO) of Bank of Commerce (BoC) starting June 13, 2011 following the resignation of its President and CEO Billy Z. Goquingco.
Edeza will thus vacate his position as senior vice-president and treasury head of diversifying conglomerate San Miguel Corporation.
He served as national treasurer from 2001 to 2004. He was also director of the Central Bank treasury department.
In the private sector, he was senior executive of Rizal Commercial Banking Corporation (RCBC) and of the Metropolitan Bank and Trust Co (Metrobank).
Goquingco cited family reasons for leaving Bank of Commerce.
In his letter to the BoC board of directors, he said: "It has been an honor and privilege to have had the opportunity to work for the esteemed Bank of Commerce and the SMC Group. It has been an experience which I will always cherish and look at in the past as having been truly memorable and gratifying both professionally and personally."
"I leave with a heavy heart but with a tremendous confidence in the future of the bank," he added.
Edeza said he "welcomes the new assignment and looks forward to taking the fast-growing bank to even greater heights in its quest to become one of the country's leading commercial banks."
BoC currently offers a range of banking and other financial products and services including traditional deposit products, corporate banking, consumer banking, asset management, trust services, trade and credit card services.
