The board of directors at the Philippine National Bank has appointed Edgar A. Cua as chairman and Florido P. Casuela as president effective 25 April 2023. The election was held during an organizational meeting following the bank’s annual stockholders’ meeting held on the same day.
Cua served as independent director for seven years and was first appointed on 31 May 2016. He has held various positions at the Asian Development Bank (ADB) during a 30-year professional career.
Cua completed his Bachelor of Arts in Economics (honors program) at the Ateneo de Manila University. He obtained his Master of Arts in Economics and his Master of Planning in Urban and Regional Environment from the University of Southern California. He took Advanced Chinese Language and History at the Beijing Language Culture University, as well as the Sustainable Development Training Program at Cambridge University.
Casuela joined PNB in 2006 as director. He was appointed acting president on 5 July 2022 after former president and CEO Jose Arnulfo Veloso was appointed president and general manager of the Government Service Insurance System. Casuela is currently the chairman of PNB Securities, Inc. He is also a director of Allianz PNB Life Insurance, Inc.; PNB International Investments Corporation; PNB RCI Holdings Co., Ltd.; and Bancnet, Inc.
Formerly, he served as chairman of Casuela Equity Ventures, Inc.; director of Surigao Micro Credit Corporation; and senior adviser of the Bank of Makati, Inc. Likewise, he was a director of Manila Electric Co.; special assistant to the chairman of the National Power Corp.; director of Sagittarius Mines; senior executive vice president of United Overseas Bank (formerly Westmont Bank); senior vice president of PNB; first vice president of Bank of Commerce; vice president of Metropolitan Bank & Trust Co. Prior to PNB, he served as president of the Land Bank of the Philippines and Maybank Philippines, Inc.
Casuela is a certified public accountant and obtained both his Bachelor of Science degree in Business Administration, major in accounting, and his Master’s degree in Business Administration from the University of the Philippines.
PNB also welcomed Maria Almasara Cyd N. Tuaño-Amador to its board of directors. She is a former deputy governor of the Resource Management Sector of the Bangko Sentral ng Pilipinas (BSP). She was also a member of the Advisory Panel of the ASEAN+3 Macroeconomic Research Office, based in Singapore. Likewise, she served as senior advisor to the Executive Director of the International Monetary Fund in Washington, D.C.
Cyd Tuaño-Amador obtained her Bachelor of Science and Master of Arts degrees from the University of the Philippines School of Economics. She earned her Master of Science degree at the Graduate Institute of Policy Science in Tokyo, Japan and her Doctor of Philosophy degree in Economics at the Australian National University.
PNB’s roster of Board members include Edgar A. Cua, Leonilo G. Coronel (Vice Chairman), Felix Enrico R. Alfiler, Florido P. Casuela, Estelito P. Mendoza, Isabelita M. Papa, Sheila T. Pascual, Wilfrido E. Sanchez, Carmen K. Tan, Lucio C. Tan, Lucio C. Tan III, Michael G. Tan, Vivienne K. Tan, Maria Almasara Cyd N. Tuaño-Amador, and Domingo H. Yap.
