A PROMINENT and seasoned banker has formally assumed the position as head of one of the largest government financial institutions in the country, vowing to strengthen and expand the bank's role in infrastructure financing to sustain the country's growth momentum.

Michael de Jesus, the new president and chief executive officer (CEO) of state-owned Development Bank of the Philippines (DBP), said the bank would work closely with the national government in expanding the country's infrastructure development program to raise the competitiveness of the local economy.