BIZ BUZZ: PDIC chief debuts in global body of deposit insurers

Roberto Tan, president and CEO of Philippine Deposit Insurance Corp. (PDIC), is taking a global role by representing the country in an international governing body of deposit insurers.

Tan was elected as member of the executive council of the International Association of Deposit Insurers (IADI) during its 23rd annual meeting in Tokyo, Japan, last Nov. 15. Prior to this, he served as IADI treasurer for the past six years.

And that is no small feat. Established in May 2002, IADI is a nonprofit organization based in Basel, Switzerland, that aims to set standards for deposit insurance systems and serves as the principal forum where deposit insurers from around the world meet to share knowledge and expertise.

That said, the representation of the Philippines in the 25-member IADI executive council is expected to considerably boost the clout of PDIC and advance efforts to strengthen mutual cooperation and assistance among the agency’s deposit insurance peers globally.

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Way to go, President Tan!