BAP picks Veloso as new president

Jose Arnulfo “Wick” Veloso of the Philippine National Bank (PNB) was elected to succeed Bank of the Philippine Islands (BPI) chief Cezar Consing as president of the Bankers Association of the Philippines (BAP).

In a statement after the BAP’s annual membership meeting on Monday, the PNB president and chief executive officer was quoted as saying he was honored to have been chosen for the post and looked forward “to collaborating with the government to support their efforts and look for ways to speed up the recovery of the economy.”