PNB thanks Maclang for over 40 years of service
To call him a veteran banker is an understatement.
The Philippine National Bank (PNB) announced on Friday, Aug. 24 the upcoming retirement of their president and chief executive officer, Reynaldo Maclang.
He will be retiring from his post by Nov. 15 just as he turns 80 this year. Maclang has been a trusted banker by bilyonaryo Lucio Tan, as he spent more than 40 years in the business as early as Allied Bank and its eventual merger with PNB.
PNB attributes the bank’s success to Maclang’s leadership, who has ushered in an era of bigger consumer loans and bancassurance via PNB Savings and Allianz.
“Under the guidance of Maclang, PNB experienced sustained growth in its profitability,” the listed lender said in a statement.
“The bank also maintained its position as the local bank with the largest global footprint, serving the financial needs of Filipinos abroad.”
Maclang will remain as board advisor upon stepping down, with ex-HSBC Philippines CEO Wick Veloso to take his place as president.