Gotianun-led EastWest to undergo top management changes; long-time CEO to step down by the end of the year

Gotianun-led EastWest (EW) recently announced major changes to its top management changes as long-time CEO Antonio C. Moncupa Jr. steps down as president and CEO.

Moncupa, who has served as the bank’s CEO for the last 16 years, is leaving all his management positions by the end of the year. He will, however, remain as Vice Chairman of the Board.

“We thank Mr. Moncupa for his leadership that brought the bank to where it is now. While we understandi his desire to relinquish his executive role and give some time for his other interests, we look forward to continuously hear his insights in the board of directors,” said Jonathan T. Gotianun, EW Chairman.

Jerry Ngo, a seasoned international banker currently serving as Strategy Consultant for EastWest parent company Filinvest Development Corporation, will assume the role of CEO on January 1, 2023. And to assume the role of president effective July 1, 2022 is Jacqueline Fernandez, a banking veteran in the lending business who is currently the bank’s Senior Executive Vice President and Chief Lending Officer.

“With the proven track record of Mr. Ngo and Ms. Fernandez, we are confident that they can guide and build further on our successes in delivering an even better customer experience, as we continue to accelerate our digital) transformation programs,” Gotianun added.

According to a press release from EW, Ngo is backed by 30 years of banking and finance experience. He has served as Group Chief Finance Officer and Independent Board Director of Saratoga Investama Sedaya, one of Indonesia’s earliest and largest investment holding companies with a current market capitalization of $3 billion. Prior to this, he was the Institutional Banking Head and Executive Director for ANZ Bank Indonesia and served as Managing Director for Vietnam, Laos, and Cambodia at Standard Chartered Bank. He also previously worked for Citibank, where he held various roles in product management, sales, and operations in Manila, South Korea, and Singapore. 

Fernandez, meanwhile, was a key figure in steering EW to become a major force in consumer lending for the past 16 years and has helped further expand its business loans portfolio.

Before her stint at EW in 2006, Fernandez held various roles in credit risk and remedial management in Standard Chartered Bank and Far East Bank and Trust Company. 

The bank also announced the resignation of Gotianun family matriarch Mercedes Gotianun from the Board of Directors, as well as her appointment as Chairwoman Emeritus effective June 30, 2022.

Source: East West Banking Corporation's Press Release