Rizal Commercial Banking Corp. (RCBC) has appointed seasoned banker Alexander Patricio as independent director strengthening the Yuchengco-led lender’s governance and compliance framework.
In a disclosure to the Philippine Stock Exchange, RCBC said its board approved Patricio’s election during its meeting on Sept. 29.
His appointment took effect at the close of business on the same day, subject to regulatory approvals from the Bangko Sentral ng Pilipinas and other agencies for his interlocking positions.
Patricio is filling the vacancy left by Vaughn Montes, who recently concluded his term as independent director. Aside from leading the risk oversight committee, he will also serve as a member of the anti-money laundering committee as well as the audit and compliance committee.
‘Patricio has over 41 years of banking experience,’ RCBC said, citing his extensive background in risk management and regulatory compliance.
According to RCBC, Patricio spent 13 years with Citibank and 18 years with ING Bank Philippines before joining the government sector as executive vice president and chief risk officer of the Development Bank of the Philippines from May 2013 to March 2017.
Publicly available professional records show that Patricio’s career spans senior leadership roles across local and international banks. He served as vice president in various positions at Citibank Philippines from 1976 to 1989, senior risk manager at Citibank Australia from 1989 to 1991 and senior credit officer at Citytrust Banking Corp. from 1991 to 1995.
He then became country risk manager at ING Bank Philippines from 1995 to 2013 before moving to DBP.
Beyond banking, Patricio has been an independent director of CTBC Bank Philippines since 2018 and of the Intellicare Group of Companies since the same year, roles that further deepened his expertise in corporate governance and oversight.