29th ADFIAP ANNUAL MEETINGS
Cinnamon Grand Hotel ¨ Colombo, Sri Lanka
May 8 – 11, 2006
SPEAKER AND RESOURCE PERSON’S PROFILE
Mr. Reynaldo G. DAVID was appointed as the new President & CEO of the Development Bank of the Philippines (DBP) replacing Mr. Simon Paterno who resigned from the Bank to join Credit Suisse First Boston as Managing Director.
He brings with him a wealth of banking experience to his new post. Prior to his appointment, he was Vice-Chairman of Export & Industry Bank (EIB). Since joining EIB in 1997, he has been actively involved in running the affairs of the bank, particularly in the strategic and profitable deployment of its resources.
Mr. David said that after having been in the private sector his entire life, “a certain time comes when duty calls for one to render public service. For me, that time has come, and I am committed to serve government through DBP which plays a strategic role in fast-tracking the country’s economic development.”
A Ten Outstanding Young Men (TOYM) awardee for offshore banking in 1977, Mr. David also served as Vice President and Treasurer of Citibank N. A. up to 1979, where he was responsible for the bank’s liquidity, foreign exchange, and long-term funding situation. He was assigned to New York in 1970 for a period of three years as Citibank’s strategic planning officer for the Asia-Pacific region. He was assigned to Singapore in 1973 to manage Citicorp Finance Ltd., a wholly-owned merchant banking outfit which was involved in the underwriting of debt and equity, securitization and origination of trade paper for utilization as trading instruments. He also managed First Oversea Credit Lt., a consumer and retail finance company jointly owned with Oversea Chinese Banking Corporation.
Mr. David also held various posts in international conglomerates and was based in Hong Kong for several years. He was previously the executive director of Unicorp Finance Limited based in Hong Kong.
He also held concurrent positions under a mandate from the Pratt Group, a major industrial Australian conglomerate. These positions included managing director and treasurer of the Pratt Group, and director of Pratt Finance (Asia) Ltd., a stock brokerage entity under the supervision of the Stock Exchange of Hong Kong. His responsibilities included management of the group’s liquidity, reviewing and managing risk assets and capital positions, and tax management. He was also licensed as a dealing director of Pratt Capital Asia, Ltd.
Mr. David is a graduate of the De La Salle University where he finished Liberal Arts – Commerce in 1963 and became CPA in 1964. He graduated from an Advanced Management Program of the University of Hawaii in 1974.