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Ortiz assumes presidency of Landbank

By Anna Leah Gonzales

May 24, 2023, 4:58 pm

<p><strong>NEW PRESIDENT</strong>. Lynette Ortiz (right) takes her oath as the 11th president and CEO of Landbank before Finance Secretary and Landbank chair Benjamin Diokno at the DOF building in Manila on Wednesday (May 24, 2023). Ortiz succeeds Cecilia Cayosa Borromeo who held the post for four years. <em>(Photo from Landbank)</em></p>

NEW PRESIDENT. Lynette Ortiz (right) takes her oath as the 11th president and CEO of Landbank before Finance Secretary and Landbank chair Benjamin Diokno at the DOF building in Manila on Wednesday (May 24, 2023). Ortiz succeeds Cecilia Cayosa Borromeo who held the post for four years. (Photo from Landbank)

MANILA – Seasoned banker Lynette Ortiz was sworn in on Wednesday as the new president and chief executive officer of the Land Bank of the Philippines after her recent appointment by President Ferdinand R. Marcos Jr.
 
In a statement, Landbank said Ortiz took her oath as the 11th president and CEO of the bank before Department of Finance (DOF) Secretary and Landbank chair Benjamin Diokno at the DOF building in Manila.
 
She succeeds Cecilia Cayosa Borromeo who held the post for four years.
 
Before her appointment in Landbank, Ortiz served as the CEO of Standard Chartered Bank Philippines.
 
She 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,” she said.
 
Ortiz has spearheaded several landmark transactions in both domestic and international capital markets for Philippine and Association of Southeast Asian Nations (ASEAN) issuers.
 
She serves as 1st Vice President on the board of the Bankers Association of the Philippines and is a member of its executive committee.
 
Ortiz pledged that Landbank would continue to support agriculture and other key industries, expand financial inclusion, deliver assistance to marginalized and vulnerable sectors, and support 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,” she said. (PNA)
 

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