Biscuit king Jacinto Ng to retire as AUB chairman
Changes are coming for this bank.
The Asia United Bank (AUB) will be seeing a major shake-up in its senior executives as it celebrates its 20th year in the industry.
Republic Biscuit Corp. found Jacinto Ng, Sr. has announced his plan to retire as AUB chairman by Dec. 31, 2017, endorsing incumbent bank president Abraham Co as his replacement by 2018.
Ng, however, will stay on as chairman emeritus.
Manuel Gomez assume the presidency, while Ng’s son Jacob will move up as Chief Transformation Officer and Head of Branch Banking by Jan. 1.
Such plans are yet to be taken up and approved by the AUB board of directors.