BIZ BUZZ: Veterans Bank’s RFO retires
Mission accomplished.” With that in mind, former Finance Secretary Roberto F. de Ocampo is retiring as chair of Veterans Bank.
De Ocampo has served Veterans Bank with distinction for 12 years, initially taking on the role of chair and CEO at the behest of the Bangko Sentral ng Pilipinas (BSP) and the Department of Finance.
They trusted him to revitalize and reform the venerable institution. And he did just that. Throughout his tenure, De Ocampo spearheaded comprehensive reforms that transformed the bank’s governance structure. He replaced and strengthened its Board of Directors, and modernized its policy frameworks and management systems.
Veterans Bank detailed in a statement his major accomplishments.
De Ocampo successfully championed the passage of a new Veterans Bank Charter, by working closely with legislators, regulators and key stakeholders. Under his leadership, the bank navigated the challenges of the COVID-19 pandemic, maintaining financial stability and resilience.
He also led efforts to raise the bank’s capital to meet BSP’s standards for commercial banks, thus ensuring its long-term viability and competitiveness.
As De Ocampo concludes his tenure, he leaves behind a legacy, one that will continue to guide and inspire its future.
De Ocampo caps his tenure with a fully capitalized bank and a record profit for the first time in its history.
He certainly leaves behind huge shoes that will be a challenge to fill.
But de Ocampo is not saying goodbye entirely as the Veterans Bank board has expressed its intention to retain de Ocampo’s services in some capacity.
This way, he will in a position to continue to provide his unique guidance towards realizing the bank’s desired positioning and objectives.
