Bautista steps down as UnionBank director

Updated on March 26, 2025 at 8:04 pm

MANILA, Philippines — Edwin Bautista, former president of Union Bank of the Philippines, has stepped down as director of the Aboitiz-led bank, citing “personal reasons.”

This was disclosed by UnionBank to the Philippine Stock Exchange on Wednesday morning.

Bautista is seen in the running as the next president of Philippine National Bank.

READ: Guess who? PNB president coming soon

He had remained part of the board after handing over the presidency of UnionBank to Ana Aboitiz-Delgado this year.

By leaving his post at Aboitiz family-led UnionBank, Bautista is free to join another bank.

Later on Wednesday, PNB officially announced Bautista’s appointment as the new president, succeeding Florido Casuela effective April 29, 2025.

READ: It’s official! Edwin Bautista named new PNB CEO

PNB, the banking arm of the Lucio Tan group, is currently the eighth largest bank in the country in terms of assets (about P1.2 trillion as of end-September), one rank higher than UnionBank (P986.5 billion). – Doris Dumlao-Abadilla