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China Bank appoints VP as head of new securities unit


China Banking Corp. is revamping this new subsidiary with the appointment of a president to chart the company’s way forward.

China Bank Securities Corp. is the newest unit of bilyonaryo Henry Sy’s second-biggest bank, and its operations are expected to be in full swing under the watch of a veteran executive.

China Bank has appointed its Vice President Marisol Teodoro as director, president, and chief executive officer of China Bank Securities effective Sept. 1, the bank said in a disclosure.

She will lead the development of the securities brokerage firm, which was renamed coming from the bank’s acquisition of ATC Securities, Inc. back in June 2016. Teodoro will have P150 million in capital to play with under her watch.

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