PHILIPPINE NATIONAL BANK has announced on Oct. 26 the appointment of Rafael G. Ayuste Jr. as trust officer and head of the Trust Banking Group with the rank of first senior vie president.

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THE BOARD OF DIRECTORS of Security Bank Corp. on Oct. 27 confirmed the hiring of Ronald I. Austria as first vice president and area business manager for sales and distribution branch network under the commercial and retail banking segment, effective Nov. 3.

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METRO ALLIANCE HOLDINGS and Equities Corp. on Oct. 27 elected Reno I. Magadia as director and member of the audit committee and compensation and remuneration committee, effective immediately. The company also accepted the resignations of directors Elvira A. Ting and Kenneth T. Gatchalian, effective Oct. 27.

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ASIATRUST DEVELOPMENT BANK INC. will hold its annual stockholders? meeting on Nov. 20 at 2 p.m. at the Manila AB Function Room, ground floor of the Makati Shangri-La Hotel in Makati City. Stockholders of record as of Oct. 14 will be entitled to notice of and vote at the said meeting.

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BENGUET CORP. will hold its annual stockholders? meeting on Dec. 16 at 3 p.m. at the Manila Golf and Country Club Inc., Forbes Park, Makati City. Stockholders of record as of Oct. 23 will be entitled to notice of and vote at the said meeting.