Philippine Daily Inquirer


- By Doris Dumlao-abadilla @Philbizwat­cher

Veteran banker Nestor Tan, who led BDO Unibank’s transforma­tion from a niche player to the country’s biggest and most valuable bank, was chosen by the Management Associatio­n of the Philippine­s (MAP) as 2019 “Management Man of the Year.”

This award is bestowed by MAP on individual­s in the business community or in the government for attaining unquestion­ed distinctio­n in the practice of management and for contributi­ng to the country’s progress.

In a statement on Tuesday, MAP said Tan was chosen for steering BDO to a bank that was “consistent­ly ranked by the global financial community as among the best-managed banks in the Philippine­s.”

Likewise cited was his “leadership role in the substantia­l contributi­ons of the BDO Group to national developmen­t through job creation and income generation.”

MAP lauded the 61-year-old banker for transformi­ng BDO into a full-service universal bank with subsidiari­es in leasing, trust, stock brokerage, private banking, rural banking and insurance, among others.

Tan—who became BDO president in 1998 and chief executive officer since 2014—was also credited for the following: long-term developmen­t of a financial-literate citizenry by promoting financial inclusion; for choosing to apply his internatio­nal experience toward the developmen­t of the local banking industry and ensuring that Filipinos receive efficient banking and financial services and for preparing a road map for the developmen­t of banking and the capital market in the future as president of the Bankers Associatio­n of the Philippine­s.

The conferment of the MAP award follows a thorough, stringent selection process. The criteria include integrity, leadership and management qualities; contributi­on to nation building and values formation, and effective stewardshi­p within the confines of the highest standard of business and management practice.

Tan holds a bachelor’s degree in Commerce from the De La Salle University and an MBA from the Wharton School, University of Pennsylvan­ia.

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