The Board of Directors of East West Banking Corporation in its meeting held, approved the appointment of Ms Cristina Q. Orbeta and Ms Imelda B. Capistrano as Independent Directors of the Bank. Ms. Orbeta held various position at Central Bank of the Philippines in 1975 to 1993. She then became a Director at Management of External Debt Department of Central Bank in 1993 to 1999 and eventually became an Executive Director in the Central Bank Board of Liquidators.

Ms. Capistrano has 40 years of experience in the banking industry and is a former Director and Country Manager at Wells Fargo Bank, Manila Representative Office from June 2010 to May 2021. As a chief representative of Wells Fargo Manila Representative Office, she is responsible for Wells Fargo's governance, adherence to local rules and regulations and financial institution relationships in the Philippines. She also represents Wells Fargo Manila Office in local, regional and global conferences or meetings.

Among her key accomplishments are established relationships across customers, which reflected in the yearly growth in business directed to Wells Fargo over the years and smooth transition of customers and closure of the Manila Representative Office last May 2021.