Manila, May 18: Dutch financial institution ING has named veteran banker Jun Palanca as head of Wholesale Banking (WB) at its Manila Branch effective May 16 subject to regulatory confirmation.
Palanca will report to Anju Abrol, ING’s head of Wholesale Banking Asia Pacific and Hans B. Sicat, country head of ING in the Philippines.
A banking veteran with close to 30 years of experience, Jun worked at Citibank Philippines from 1993 to 1995 before joining ING’s project finance team in 1996.
He was with ING for 10 years and was director of Loan Syndications Asia before moving to Merrill Lynch in 2006. In 2010, Jun joined Sumitomo Mitsui Banking Corporation (SMBC) as regional head of Structured Finance Syndications, Export & Agency Finance and Aviation Finance in 2016, he was appointed regional head of Loans Distribution Asia and head of Structured Credit Distribution.
He is returning to the Philippines after spending over 20 years in Singapore and Hong Kong.
“I am looking forward to working with the strong team that we have at ING,” Palanca said.
“The economic recovery in the Philippines presents a huge potential for our clients and we are committed to working hand-in-hand with them to tap into the market opportunities.”
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