BDO chief Nestor Tan is first Filipino president of IMC
In a news release on Tuesday, BDO said Tan's election as the first Filipino president of the IMC was held during the organization's annual gathering held in Brussels, Belgium.
The IMC is an exclusive, non-profit organization composed of chairpersons and chief executive officers from 58 of the world's largest financial institutions across 31 countries.
The list of past presidents include Johan Thijis, CEO, KBC Group, Brussels, Belgium (2024-2025); Carlos Torres Vila, Chair, BBVA, Spain (2023-2024); and John Dugan, Chair, Citigroup, Inc., USA (2022-2023).
Since its founding in 1954, the IMC has played a key role in shaping international banking practices and policies, according to BDO.
The IMC provides a private forum for dialogue among leading commercial banks, central bank governors, senior government officials, and top executives from global financial organizations such as the International Monetary Fund and the World Bank, the Sy-led bank said.
'Mr. Tan is the first Filipino to be elected as president of the IMC, and his election reflects his extensive expertise in banking and finance and affirms his leadership standing in the global banking community,' BDO said.
'It is also a recognition of BDO's consistent performance and growing influence in the regional and global financial sectors,' the bank added.
The Sy-led lender said Tan's appointment as chief of the IMC 'marks a milestone not only for BDO but also for the Philippine banking industry, which continues to gain recognition in the global financial community.' —VAL, GMA Integrated News
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