Former Philippine Stock Exchange (PSE) Inc. president and chief executive Hans B. Sicat will head the Manila branch of Dutch banking giant ING when current country manager Consuelo D. Garcia retires in November.
According to a statement issued by ING Bank N.V. on Monday, Sicat will join the bank by the middle of August “to ensure a smooth transition,” as he will take over Garcia’s positions, including as ING Bank Manila’s head of clients.
Garcia’s retirement will be effective Nov. 16.
“ING is grateful to Ms. Garcia for her engaging leadership style and the entrepreneurship that she promoted at ING Bank Manila,” Gerrit Stoelinga, chief executive of ING Wholesale Banking Asia, said. “She always put our clients first. We will miss her dearly and wish her all the best for her well-deserved retirement. We are fortunate to have found a worthy successor in Mr. Hans Sicat.”