End of an era:? Alfonso Yuchengco retires as RCBC honorary chair
Bilyonaryo Alfonso Yuchengco has retired as honorary chair of the Yuchengco family owned Rizal Commercial Banking Corp.
In a statement, RCBC said Yuchengco was appointed as chairman emiritus in recognition of his distinguished service to the bank.
Yuchengco served as chairman of the RCBC board from 1963 until 1995 when he served as Ambassador of the Philippines to Japan. He also served as Philippine Ambassador to the People?s Republic of China, Presidential Special Envoy to Greater China, Japan and Korea.
He was the first Asian to be elected to the Insurance Hall of Fame by the International Insurance Society Inc. Following his stint in the government, Yuchengco was re-elected to the board of RCBC in 2002.