Veterans Bank board picks former Finance chief De Ocampo as chair

Philippine Veterans Bank on Wednesday has a new chairman, former Finance Secretary Roberto de Ocampo, who was voted to the position by the board of directors.

De Ocampo said his term marks “a fresh new beginning for PVB, with the aim of revitalizing the medium-sized commercial bank to be an active major player in the banking industry, not just locally but globally as well.”

De Ocampo also chairs the board advisers of the RFO Center for Public Finance & Regional Economic Cooperation, an ADB Regional Knowledge Hub, according to an e-mailed statement sent by the bank Wednesday.

He served with the World Bank in Washington D.C. just prior to returning home to join the Development Bank of the Philippines as its youngest chair and chief executive officer and subsequently appointed as the country’s top fiscal manager during the term of then-President Fidel V. Ramos.

During his stint as Finance chief, De Ocampo helped turn around the government’s fiscal position from large deficits to surpluses.

As the person responsible for designing and implementing the investment liberalization and privatization strategies, De Ocampo received the Global Finance Minister of the Year for 1995 given by Euromoney.

He also received the Asian Finance Minister of the Year for 1996 from Euromoney and in 1997

from Asiamoney. — VS, GMA News