MANILA, Philippines — Bank of the Philippine Islands executive vice president and head of institutional banking Juan Carlos Syquia is next in line to lead the financial team of the country’s oldest conglomerate, Ayala Corp.
Ayala yesterday bared its succession plan for the upcoming retirement of its chief finance officer (CFO) Alberto de Larrazabal.
As part of the group’s succession plan to ensure a seamless transition in its financial team, Syquia has been appointed as deputy CFO of the company effective May 1, 2025.
Syquia will support De Larrazabal before succeeding him on Jan. 1, 2026 after the current CFO’s retirement.
De Larrazabal has been CFO of Ayala since April 2021.
Syquia will be elected as deputy CFO of Ayala at the company’s organizational board meeting following its annual stockholders meeting on April 25, 2025.
“We are pleased to have John-C join us at Ayala Corp. His extensive banking experience, strong financial acumen, and proven leadership give us great confidence that Ayala’s financial leadership will remain in very capable hands,” Ayala president and CEO Cezar Consing said.
Ayala said that Syquia brings three decades of experience in corporate and investment banking.
Prior to joining BPI in 2016, he held leadership roles at ING and Standard Chartered in strategy and business development and running corporate finance and relationship management businesses.
Ayala’s board also confirmed the change in designation of Jose Rene Gregory Almendras from senior managing director and head of public affairs group to public affairs principal effective at the start of the year.