May 18, 2022

DUTCH financial institution ING Bank NV Philippines has named veteran banker Jun Palanca as head of wholesale banking at its Manila Branch effective May 16, subject to regulatory confirmation. In a statement, ING said Palanca will report to Anju Abrol, ING’s head of Wholesale Banking Asia Pacific and Hans B. Sicat, country head of ING in the Philippines. “With a solid history in the Philippines that goes back to 1990, ING has a strong position in the country’s M&A [mergers and acquisitions], corporate advisory and capital markets,” Abrol was quoted in the statement as saying. “As head of wholesale banking [in the] Philippines, Palanca will be responsible for continuing our business momentum by executing the pillars of our Asia Pacific strategy to leverage ING’s global network, deepen our client relationships and strengthen our position as the ‘go-to bank’ for sustainable finance.” Palanca was quoted in the statement as saying he is “looking forward to working with the strong team that we have at ING. “The economic recovery in the Philippines presents a huge potential for our clients and we are committed to work hand-in-hand with them to tap into the market opportunities,” he added. ING offers both retail and wholesale banking services in Australia. The bank started its digital banking platform in the Philippines in 2018.