Bilyonaryo Jaime Augusto Zobel de Ayala feels lucky that banker Bong Consing came back to Back of the Philippine Islands (BPI) after a sterling career at JP Morgan.
“Many of you might not know that Bong originally joined BPI in 1981 (coincidentally, the same year I started with Ayala) as a management trainee and rose quickly to become, in 1985, the youngest Assistant Vice President in the Bank’s history,” said Zobel during BPI’s annual stockholders’ meeting.
“He went on to pursue a career as a global investment banker at JP Morgan, where he rose to senior leadership positions. He also spent some time as a senior partner in a global investment firm. We are fortunate that he accepted our invitation to return and accept the position of President and CEO,” Zobel added.
Consing responded by saying it was an “incredible honor” to have steered BPI for the last eight years. “For a career banker like myself, the role has also been a very special gift – one that I strove to deserve every working day, and one that I will always be grateful for,” said Consing.
Consing is staying on at BPI as a director and member of its executive committee. He was replaced by Ayala Corp. executive TG Limcaoco as BPI president and CEO.