Former RCBC head moves to advisory firm

MANILA, Philippines - Former Rizal Commercial Banking Corp. (RCBC) president and CEO Lorenzo Tan has joined leading Manila-based advisory firm Primeiro Partners as board advisor.

“Their reputation for excellence and intense focus on their clients and investment partners’ interests make it a privilege for me to do so. We are already working on a number of deals and ideas. The goal is to further the momentum and success, and build an unparalleled financial advisory and investment firm based on deep relationships, knowledge, and excellence,” Tan said.

“This is a profound step forward for Primeiro. There is no better industry leader and advisor more respected than Lorenzo.  He epitomizes the values of achievement, integrity and wisdom, which are the core of our firm. I look forward to working closely with Lorenzo, as we continue to build Primeiro as the leading independent financial advisory and investment firm in the Philippines,” Primeiro managing partner Stephen Sieh said.

Prior to his stint at RCBC, Tan served as Sun Life of Canada (Philippines) Inc. president and CEO.

At 37, he became president of United Coconut Planters Bank and became the youngest president of a universal Bank in the Philippines when he was hired by the Philippine National Bank (PNB).