THE WEALTH MANAGEMENT arm of listed Bank of the Philippine Islands (BPI) has appointed a new president and chief executive officer (CEO), it said in a statement on Monday.
BPI Asset Management and Trust Corp. (BPI AMTC) is now headed by Maria Theresa D. Marcial, with her appointment taking effect on June 15. She is taking over the post of previous BPI AMTC President and CEO Shiela Marie U. Tan who headed the BPI unit since 2018.
“It is an honor to take charge of a company with an unrelenting commitment to provide the investing public with the best options and services that will help them build wealth and reach their goals. Looking ahead, we will continue to pursue excellence in fund management and steer towards the direction of shared success,” Ms. Marcial was quoted as saying in a BPI statement.
Ms. Marcial has more than 25 years of experience in the financial services industry, specifically in the fields of strategic planning and finance, corporate banking, debt and equity capital markets, and investment management and trust.
She was previously chief finance officer, chief sustainability officer, and head of Strategy and Finance at BPI, where she was responsible for strategic planning, accounting, financial control, capital management, balance sheet analytics, corporate legal affairs and litigation, and investor relations, BPI said.
She also held leadership roles at the Fund Managers Association of the Philippines, Trust Officers Association of the Philippines, Capital Markets Development Committee of the Financial Executives Institute of the Philippines, Market Governance Board of Philippine Dealing and Exchange Corp., and the National Advisory Council of World Wide Fund for Nature (WWF) Philippines.
Ms. Marcial obtained her master’s degree in Economics in 1995 from the University of the Philippines (UP) Diliman after taking up BS Economics and graduating cum laude from UP Los Baños in 1990.
She completed the Advanced Management Program at Harvard Business School in 2010.
Ms. Marcial was recently recognized by Asian Investor magazine as one of the Top 25 Most Influential Women in Asset Management in Asia. She was also awarded as a Most Outstanding Alumnus of UP Los Baños.
BPI AMTC had over P890 billion in assets under management as of March with an 18% market share in the Philippines.
Its parent BPI recorded a higher net income in the first three months of the year on improved net interest earnings. The bank’s net profit jumped by 59.6% to P8 billion in the first quarter from a year earlier.
This translated to a return on equity of 11%, while return on assets was at 1.36%.
The Ayala-led lender’s shares went down by P2.50 or 2.84% to close at P85.50 apiece on Monday. — K.B. Ta-asan
Source: https://www.bworldonline.com/banking-finance/2022/06/28/457774/marcial-named-as-new-head-of-bpis-wealth-unit/
