It’s not often that shareholders give a standing ovation at the end of the president’s annual report but Aurelio “Gigi” Montinola III got what he deserved as he bowed out as chief of Bank of the Philippine Islands on April 18.
In 10 days—or right after the annual stockholders’ meeting of Ayala-led Bank of the Philippine Islands—the country’s most valuable bank will have a new president, investment banker Cezar Consing, who certainly has very big shoes to fill.
He has all the right DNA—plus of course the training and temperament—that shaped him into the exemplary banking professional that he is today.
