Philippine National Bank announced that during its meeting held on January 25, 2019, the board of directors approved and confirmed the hiring under management contract of Mr. Jovencio B. Hernandez as Head of Marketing and Brand Management Sector with the rank of Executive Vice President, effective February 1, 2019, Mr. Chester Y. Luy as Head of Strategy and Financial Advisory Sector and concurrent Head of Wealth Management Group, with the rank of Executive Vice President, effective January 28, 2019, Mr. Noel C. Malabag as Chief Dealer and Trading Division Head, with the rank of Senior Vice President, effective February 1, 2019, and early retirement of Mr. Ponciano C. Bautista, Senior Vice President and Officer-in-Charge of the Treasury Sector, effective February 17, 2019.