Bankers Association of the Philippines appoints Alberto Villarosa as president

Mr Villarosa is also the President and CEO of Security Bank Corporation.

Villarosa and other directors will serve from 2012 to 2013. He also assumes chairmanship of the BAP’s 15-member board.

BAP, which consists of 23 commercial banks, is the unifying voice of the commercial banking sector.

The sector has total assets of US$165 billion, achieved a record US$17.6 billion in capital in 2011 and has grown at an average of 10% since 2008. It has since grown by 13% annually until 2011.

The BAP executive committee for 2012-2013 consists of Villarosa, President; Lorenzo Tan, First Vice President; Sanjiv Vohra, Second Vice President; Antonio Moncupa Jr., Secretary and Enrico Cruz, Treasurer. Cesar Virtusio serves as an Executive Director.

Comprising the board are Ricardo Balbido Jr., President and CEO, Philippine Veterans Bank; Anthony Chua, President, Allied Bank; Abraham Co, President, Asia United Bank; Enrico Cruz, Managing Director and Chief Country Officer, Deutsche Bank; Peter Dee, C, ChinaBank; Francisco del Rosario Jr., President and CEO, Development Bank of the Philippines; Mahendra Gursahani, CEO, Standard Chartered Bank; Antonio Moncupa Jr., President and CEO, EastWest Bank; Antonio Ozaeta, President, Philtrust; Ichiro Tada, General Manager, Mizuho Bank; Lorenzo Tan, President and CEO, Rizal Commercial and Banking Corporation; Nestor Tan, President, Banco de Oro; Arthur Ty, President, Metrobank; and Sanjiv Vohra, Country Officer, Citibank.