Asia United Bank Corporation announced the resignation of Mr. Adolfo S. Azcuna as Director, who will be designated as Senior Adviser to the Board. The company also announced the election of Mr. Jonathan C. Ng as Director to replace Mr. Azcuna. Mr. Jonathan C. Ng, is the Vice Chairman of the Republic Biscuit Corporation (REBISCO).

Concurrent to this role, he also holds executive positions in several companies under the REBISCO Group namely: President of Suncrest Foods Incorporated, President of Multirich Foods Corporation, Chairman/President of RBC Retail Stores Corporation, Chairman/President of SFI Multimix Corporation, Chairman of Omnipack Industrial Corporation, and Director of SPI Corporation. Mr. Ng is also a stockholder of RBC Best Baker Food Inc. and Action Republic Corporation, and a trustee of Rebisco Foundation Inc. Morevoer, he is currently an Independent Director of Pico De Loro started 2023. He graduated with a Bachelor of Arts degree in Management Economics from the Ateneo de Manila University.

The changes are effective from July 4, 2023.