Philippine National Bank (PNB), the financial arm of beer and tobacco tycoon Lucio Tan, on Wednesday announced the appointment of veteran banker Edwin Bautista as its new president and chief executive.
Bautista, former president of Union Bank of the Philippines (UBP), will succeed Florido Casuela, effective April 29, 2025,
“The board of directors of the Philippine National Bank has appointed Edwin Bautista as its new president and chief executive officer succeeding Florido Casuela effective April 29, 2025, subject to his election and qualification as a member of the board,” PNB said in a disclosure to the stock exchange Wednesday.
Casuela will continue to serve PNB in a strategic capacity as board advisor. Following his appointment, Bautista also resigned as director of UBP.
Bautista retired as UBP president at the start of the year following the appointment of Ana Maria Aboitiz-Delgado as its new president and chief executive.
PNB said the appointment of Bautista forms part of the bank’s ongoing strategic transformation.
“Mr. Bautista brings with him a wealth of experience from Union Bank of the Philippines where he played a pivotal role in driving the bank’s digital transformation and expanding its retail banking. His appointment signals PNB’s commitment to innovation, customer-centric banking and long-term sustainable growth,” PNB said.
Bautista joined UBP as senior vice president, performing crucial roles in transaction banking, institutional banking (corporate and commercial), consumer banking and retail banking.
During his term, UBP became a leading digitalized bank in the country and one of the leading retail lending focused banks.
Bautista also oversaw the successful acquisition and integration of Citibank Philippines’ retail business into Union Bank.
