Carlos G. Dominguez
Former Finance Chief Carlos G. Dominguez has returned to the corporate sector after being elected as one of the independent directors of Yuchengco-led Rizal Commercial Banking Corp. (RCBC).
In a disclosure to the Philippine Stock Exchange, the bank said Dominguez was also appointed as the RCBC Board of Directors’ Chairperson of Related Party Transaction Committee and Anti-Money Laundering Committee, and Member of the Corporate Governance and Nominations Committee.
RCBC said these appointments took effect at the close of business on July 28, 2025, and Dominguez’s interlocking positions may require Bangko Sentral ng Pilipinas’ and other regulatory regulatory approvals.
Dominguez has over 40 years of experience in the government and in the private sector. He was the Secretary of Finance from July 2016 to June 2022 and, by because of this, served as BSP Monetary Board Member, Asian Development Bank Governor for the Philippines, World Bank Governor for the Philippines, and IMF Alternate Governor of the Philippines.
He was the President and CEO of various companies including BPI Agricultural Development Bank and Philippine Airlines.
He is also an awardee of several high-ranking awards given by the President of the Philippines such as the Order of Lakandula with the Rank of Grand Cross (Bayani). He also received the Grand Cordon of the Order of the Rising Sun by the Emperor of Japan.
Dominguez is filling the vacancy at the RCBC board of directors from the end of Gabriel S. Claudio’s term, which also took effect at the close of business on July 28, 2025.
Meanwhile, RCBC said it has also appointed Yasunori Takahashi as new Advisory Board Member, as Advisor of the Anti-Money Laundering Committee, Corporate Governance and Nominations Committee, Audit and Compliance Committee, Related Party Transactions Committee, and as Observer in the Risk Oversight Committee.
He serves on the Supervisory Board of the Vietnam Prosperity Joint Stock Commercial Bank in Hanoi (Non-Resident) and an Advisor of Asia Business Development Division.
He has over 35 years of experience with SMBC, known as Sumitomo Bank Limited, and graduated with a Bachelor of Law Degree from the Keio University in 1980.