50 Years of Asia: Teh Hong Piow, Public Bank
9 May, 201950 Years of Asia: Wee Ee Cheong, UOB
9 May, 2019Euromoney, May 9 2019
Read the full article here: https://www.euromoney.com/article/b1f7q903xx4ryt/nestor-tan-move-fast
“I’ll share with you something one of my mentors said,” says Nestor Tan, chief executive of BDO Unibank. “When you’re approaching a merger, make sure you move fast. Because if you move fast enough, nobody will have time to think.”
Nestor Tan, BDO Unibank He should know. BDO Unibank, perhaps more than any other large bank in the region, has transformed over the last 25 years.
Tan joined what was then Banco de Oro in 1997, and thinks of its evolution in stages.
“The first 10 years was just trying to establish ourselves as a good medium-sized bank. The capability, the foundations and scale,” he says. At the time the central bank was trying to encourage bank consolidation and so was not allowing banks to open new branches, so BDO grew by acquisition at first.
“I would say the turning point was when we went public in 2002,” he says. “It was a small issue, but it opened us to the capital markets, to fund slowly what we needed.”
Full article: https://www.euromoney.com/article/b1f7q903xx4ryt/nestor-tan-move-fast?copyrightInfo=true
