Veteran woman banker named 11th Landbank CEO
SEASONED banker Lynette V. Ortiz was sworn in last Wednesday as the new president and CEO of the Land Bank of the Philippines (Landbank) following her recent appointment by President Ferdinand R. Marcos Jr. Ortiz brings with her over 30 years of extensive experience in local and international banking.
Ortiz formally took her oath as the 11th President and CEO of Landbank before Finance Secretary and Landbank Chairman Benjamin E. Diokno at the Department of Finance building in Manila. She succeeds Cecilia C. Borromeo who held the post for four years.
Prior to her appointment in Landbank, Ortiz served as the first Filipino CEO of the Standard Chartered Bank (SCB) Philippines, a post she held since October 2016. She led strategies to grow the local franchise across the various client segments and deliver sustainable financial performance.
Ortiz also held various senior posts in risk management, treasury, corporate finance and capital markets in foreign and local institutions.
“I recognize the highly important role of Landbank in nation-building, and I am keen to contribute and infuse ideas and innovations that will further fortify the Bank in fulfilling its social mandate. I hope to bring in a fresh perspective drawn from my experience working in global organizations,” Ortiz said.
Ortiz has spearheaded several landmark transactions in both domestic and international capital markets for Philippine and ASEAN issuers.
She serves as First Vice President in the Board of the Bankers Association of the Philippines (BAP) and is also a member of the BAP Executive Committee.
Ortiz vowed to build on the gains of Landbank in supporting agriculture and other key industries, expanding financial inclusion, delivering assistance to marginalized and vulnerable sectors and supporting other players in advancing inclusive development agenda.
“With the support of the entire Landbank team, we will work to make our operations more dynamic and responsive to address the changing needs of our highly diverse customers and stakeholders, while remaining viable and competitive,” Ortiz was quoted in a statement as saying.
A strong advocate for diversity and inclusion, Ortiz was named UN Women 2021 Philippine Women’s Empowerment Principles Awards Champion for Leadership Commitment recognizing her role in setting strong corporate commitments and inclusive leadership.