Union Bank of the Philippines appoints Edwin R. Bautista as incoming Chief Executive Officer
The Board of Directors of Union Bank of the Philippines (UBP) recently approved the appointment of Bank President Edwin R. Bautista as Chief Executive Officer (CEO), effective January 1, 2018. Mr. Bautista replaces Justo A. Ortiz, Ph.D., who has been UBP's CEO since 1993.
Incoming CEO Bautista, who has served as the Bank’s President and Chief Operating Officer since January 1, 2016, has a superior track record in Banking, spanning more than 25 years of experience. Since joining UnionBank in 1997 as Senior Vice President, he has driven the growth of the Bank’s Transaction Banking, Commercial Banking, Operations and Consumer Finance centers. In 2006, he served as President of IBank, which was acquired by UnionBank, until its merger with the Bank. Prior to UnionBank, Bautista headed Citibank Philippine's Global Transaction Services Group. Before Banking, Bautista joined Procter & Gamble Philippines. He is a product of the Harvard Business School Advanced Management Program and De La Salle University, where he received his Mechanical Engineering Degree while garnering the prestigious Bro. Gabriel Connon Award.
Under Bautista's helm as President, UnionBank and its subsidiaries recorded its all-time high profit of Php10.1 billion in 2016, and brought its earnings for the first half of 2017 to Php4.4 billion, 11% higher than 2016. These results validate the Bank's successful pivot to a full-service and consistently-profitable Retail Bank. As UnionBank is undertaking its "digital transformation", Bautista's proven, game-changing skills are expected to come to the fore again. He has repeatedly said: “As UnionBank's leader, I want to complete the (bank’s) digital transformation journey, without anyone being left behind."
Mr. Ortiz continues as Chairman of the Board of Directors of the Bank. Ortiz, as co-author of UnionBank's major strategic development plans, will continue to monitor successful execution of these plans.
As CEO for 24 years, Ortiz steered UnionBank to new heights, capitalizing on the use of technology and carving out targeted markets. Being a visionary with a constancy of purpose and passion, Ortiz has inculcated in all UnionBankers the Bank’s goal to "Make Da Diff" (make the difference) for all Stakeholders, by elevating lives and fulfilling dreams in communities they serve. This is enabled by "smart banking" and powered by the "spirit of UBUNTU"; to build an institution and an organization of enduring greatness.