China Bank appoints president for investment house

China Banking Corp. (China Bank) has appointed Romeo D. Uyan Jr. as the president China Bank Capital Corp., a new investment house.

This development comes on the heels of the license to operate as an investment house China Bank Capital has secured from the Securities and Exchange Commission. The commission also approved the incorporation papers of the investment house.

The Bangko Sentral ng Pilipinas in May approved the P500-million investment of China Bank in China Bank Capital.

Uyan is concurrently executive vice president and special projects officer at the bank.

He is tasked to lead the development and implementation of projects and strategic initiatives to tap various growth opportunities for the bank.

"Romy's extensive international experience and investment banking expertise is key to the success of China Bank Capital and strengthening China Bank's presence in the capital markets space," Ricardo R. Chua, China Bank President and CEO said in a filing with the stock exchange.

"As a key member of the China Bank management team, he is a vital contributor in our various new initiatives," Chua added.

Prior to his appointment at China Bank Capital, Uyan served as an investment banker.

"He has been working for most of his career in Singapore, Hong Kong, and Japan in top multinational investment houses, including UBS, Barclays Capital, Credit Suisse First Boston, and ING Barings Securities," China Bank said.

China Bank Capital will provide capital raising, merger and acquisition, financial restructuring, debt and securities underwriting, and economic advisory services to corporate clients. – Jon Viktor Cabuenas/VS, GMA News