The Aboitiz Group is making “seamless and synergetic adjustments in the organization” by swapping the chief finance officers of investment arm Aboitiz Equity Ventures and Union Bank of the Philippines.
In a statement, the group said AEV Senior Vice President and Chief Financial Officer (CFO) Manuel R. Lozano and UnionBank Senior Executive Vice President, Treasurer and Head of Global Markets Jose Emmanuel U. Hilado will be trading roles effective January 1, 2023.
Lozano will be the Executive Vice President CFO of UnionBank while Hilado will be the Senior Vice President, CFO and Corporate Information Officer in AEV.
UnionBank recently hired a new Treasurer and Global Markets Head to replace incumbent Hilado beginning October 1, 2022. Hilado will then assume the role of UBP’s CFO until December 31, 2022, after which he will transfer to AEV.
Hilado will be overseeing AEV’s Treasury; Tax Advisory and Compliance Services; Finance, Accounting and Business Support; Investor Relations; Legal and Compliance although “there may be some more adjustments at the appropriate time.” Meanwhile, Lozano as UBP CFO will supervise the bank’s finance unit and would serve as the chief financial spokesperson for the organization.
He will be a key player in crafting and implementing the bank’s business strategies as well as working hand in hand with the business units to ensure consistent and superior operating performance.
Lozano will oversee several units including Controllership; Corporate Accounting; Tax and Insurance; MIS; Finance; Corporate Planning and Investor Relations; Remedial Management and Asset Recovery; Business Services (Facilities, Procurement and other services); and Wholesale Credit Review.
He will directly report to UnionBank President and Chief Executive Officer Edwin Bautista with regard to all strategic and tactical matters as they relate to corporate portfolio strategy and capital allocation, budget management, balance sheet management, and tax optimization.