December 10, 2018 Bank of Commerce, an affiliate of San Miguel Corporation, announces the appointment of Mr. Michelangelo R. Aguilar as its new President and CEO and a member of the Bank’s Board, effective July 16, 2018. President and CEO Aguilar took over the post vacated by Roberto C. Benares, who was in turn appointed as a Board director. The Bank’s new President and CEO brings over 35 years of banking experience in the areas of Corporate Banking, Global Markets, and Treasury. He has previously served as the Executive Vice President & Head of RCBC’s Corporate Banking Group, and a Director of RCBC Leasing & Rental Corporation. Prior to that, Mr. Aguilar was the Managing Director and Head of the Origination & Client Coverage Unit of the Wholesale Banking Group, and Global Markets Country Head of Standard Chartered Bank. He has also been the Senior Vice President and Treasurer at Solidbank Corporation and an Asset Redeployment Coordinator at Citibank NA.