Hans B. Sicat (Photo from his Twitter account)
Former Philippine Stock Exchange (PSE) Inc. president and chief executive Hans B. Sicat will head the Manila branch of Dutch banking giant ING when current country manager Consuelo D. Garcia retires in November.
According to a statement issued by ING Bank N.V. on Monday, Sicat will join the bank by the middle of August “to ensure a smooth transition,” as he will take over Garcia’s positions, including as ING Bank Manila’s head of clients.
Garcia’s retirement will be effective Nov. 16.
“ING is grateful to Ms. Garcia for her engaging leadership style and the entrepreneurship that she promoted at ING Bank Manila,” Gerrit Stoelinga, chief executive of ING Wholesale Banking Asia, said. “She always put our clients first. We will miss her dearly and wish her all the best for her well-deserved retirement. We are fortunate to have found a worthy successor in Mr. Hans Sicat.”
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ING Bank Manila quoted Sicat as saying that he hoped “to build on and expand the business that Ms. Garcia and the ING global team have successfully established” as “his experience in promoting deeper markets, corporate governance and financial inclusion should be supportive of and complementary to ING’s role in the financial ecosystem.”
Garcia, more popularly known by her nickname Zondy in the banking industry, served as country manager and head of clients for nearly nine years, during which she “played a pivotal role in the divestment of the branch international private banking and asset management businesses pursuant to the bank’s global strategy to focus on commercial and investment banking,” ING said.
