China Banking Corporation at regular meeting held this afternoon, 07 June 2023. approved appointment of MR. FRANCISCO EDUARDO A. SARMIENTO, Head of Treasury Operations Division under Centralized Operations Group; and
b. MS. REGINA KARLA F. LIBATIQUE, Head of Bancassurance. 2. Appointment of MR. RONALD R. MARCAIDA, Vice President I, as Senior Audit Executive and Division Head for Non-Head Office Audit, directly reporting to the Audit Group Head/Chief Audit Executive, effective 01 June 2023. Mr. Marcaida, who was the Audit Division Head and Chief Audit Executive of the Bank from 01 February 2020 to 31 May 2023, has been given a re-focused role to now oversee two (2) departments: Other Subsidiaries Audit Department and China Bank Savings Audit Department. His appointment comes in view of the changes in the organizational structure of the Audit Group, which was upgraded from a Division level, in order to align its operating model to the business direction and growth of the Bank.