Ramon Sy, one of the Philippine banking industry’s pillars, passed away on Thursday at the age of 91.
His death was announced by the Asia United Bank (AUB) where he served as director and vice chairman of the board from March 2012 until the time of his death.
No reason was cited for Sy’s demise.
Sy was important and very much involved in the bank’s initial public offering roadshows and public listing in May 2013, according to AUB.
The listed lender said in a disclosure on Friday that as a member of the Credit Committee and Executive Committee, Sy’s expertise and experience in credit left an impression on both new and veteran account officers at AUB.
Sy’s expertise and insights on corporate governance, risk management, and people and organization also contributed greatly to the bank’s board of directors’ success.
Sy was a paragon of professionalism, commitment and honesty who rose from the level of messenger at the former Bank of America Manila branch to become a legend in Philippine banking, AUB continued.
“More importantly, he was known for his genuine concern and care for people. A true gentleman, indeed,” AUB President Manuel Gomez was quoted as saying. “Mr. Sy, the AUB family is grateful for the years you have dedicated and shared with us. We have nothing but respect and admiration for you, and we will always be grateful for your mentoring and inspiration.”
Sy held executive positions in various companies and received his undergraduate degree from Far Eastern University and an MBA from the University of the Philippines, according to the business website wsj.com.