BPI Congratulates Alfonso Salcedo on New Post

Bank of the Philippine Islands congratulates Alfonso L. Salcedo Jr. on his assumption of the post of President and CEO of Security Bank Corporation. Mr. Salcedo, as Head of BPI’s Corporate Clients Group, oversaw the bank’s domestic and international relationships in the corporate and financial institutions space.

“Mr. Salcedo leaves a lasting legacy in the corporate banking business of BPI, a bank that is built on the individual talent and collective strength of its people,” says BPI President and CEO Cezar P. Consing. “Mr. Salcedo is an asset to any organization that he elects to join.”

Mr. Salcedo leaves BPI after 15 years of service, beginning in 2000, when he became responsible for the bank’s insurance businesses. Between 2004 and 2010, he served as President of BPI Family Savings Bank, the bank’s retail lending flagship and the largest thrift bank in the Philippines. Prior to joining BPI, he served for 10 years in the retail banking operations of Citibank Philippines.

Replacing Mr. Salcedo as head of BPI’s Corporate Clients Group is Daniel Gabriel M. Montecillo, currently President of BPI Capital Corporation, the bank’s investment banking subsidiary. Mr. Montecillo, who has over 25 years of international investment banking experience, is a natural fit for the job, having worked closely with Mr. Salcedo and the Corporate Clients team in key corporate financing programs and investment deals that have made BPI Capital a leader in Philippine investment banking.

Mr. Montecillo had worked in New York and Hong Kong at Bankers Trust, Credit Suisse and Morgan Stanley, and was part of and managed business development and transaction teams in corporate, real estate and leveraged finance, derivatives, private equity, mergers and acquisitions, and equity and capital markets.

At BPI Capital, Mr. Montecillo will be temporarily replaced by Mr. Simon R. Paterno, EVP and current BPI Head for Financial Products and Services. Before joining BPI, in 2012, Mr. Paterno was CEO-designate of Bank of Commerce, representing CIMB which had then targeted the former for acquisition. Between 2004 and 2012, Mr. Paterno was Managing Director and Country Manager of Credit Suisse Securities Philippines. From 2002 to 2004, he was President and CEO of Development Bank of the Philippines.