Consing takes over as BPI President

Cezar Consing last week formally became the 13th President and CEO of the Bank of the Philippine Islands.

He replaced Aurelio Montinola III, the President and CEO since 2005.

Consing was selected after a rigorous search and evaluation process. He has over 25 years of experience in international finance, particularly in investment banking, commercial banking, and private equity.

He has also been directly involved in several significant financial transactions in Asia and in the Philippines.

Consing became the youngest management trainee in BPI’s corporate planning department in 1981 and later moved to corporate banking, where he eventually headed the Conglomerate and Multinational Coverage team. He was appointed Assistant Vice President in corporate banking in 1985.

He then joined J.P. Morgan & Co. as a transferee from BPI and built a 20-year career in investment banking while based in Hong Kong and Singapore, the last seven years of which as head or co-head of investment banking for Asia Pacific between 1997 and 2004.

From 2001, he was president of J.P. Morgan Securities (Asia Pacific) Ltd. and had overall responsibility for the combined Asian investment banking businesses of J.P. Morgan, Chase Manhattan, and Jardine Fleming.