Philippine Trust Company announced that during the regular meeting of the board of directors held on August 23, 2022, the board elected Mr. Hermogenes C. Esperon, Jr. and Dr. Beatrice Jane L. Ang as independent directors of the bank vice Mr. Lope M. Yuvienco and Atty. Daniel Y. Laogan. The board likewise elected Mr. Esperon as chairman of the board vice Dr. Jaime C. Laya who earlier resigned as chairman and was in turn elected vice chairman.

Effective date is August 23, 2022. Mr. Hermogenes C. Esperon, Jr. as Chairman of the Corporate Governance, Nominations and Remuneration Committee; and Member of the Audit, the Related Party Transactions and the Executive Committees. Dr. Beatrice Jane L. Ang as Chairman of the Audit Commitee; and Member of the Board Risk Oversight and the Corporate Governance, Nomination and Remuneration Committees.

Mrs. Maria Georgina P. De Venecia as Chairman of the Related Party Transactions Committee.