Rizal Commercial Banking Corporation (RCBC) announced the appointment of Reginaldo “Reggie” Cariaso as its new President and Chief Executive Officer effective July 1, 2025. Cariaso succeeds Eugene S. Acevedo, who is retiring after steering the bank through a period of transformative growth, digital innovation, and inclusive banking.
A seasoned leader with nearly three decades of experience in both global and local financial institutions, Cariaso brings extensive expertise in institutional banking, capital markets, and strategic execution. Prior to joining RCBC, he held senior leadership roles at Bank of the Philippine Islands and JP Morgan Hong Kong, and began his career as a lieutenant in the U.S. Navy Submarine Force.
Prior to his appointment as Deputy and CEO in January 2025, he headed the Operations Group where he led corporate-wide initiatives that enhanced service delivery and streamlined processes which played a critical role in strengthening the bank’s infrastructure and overall experience.
Cariaso steps into the role with a clear roadmap to strengthen RCBC’s position as a digitally driven customer-first bank. His strategic vision focuses on accelerating the bank’s financial innovations while enhancing banking experience through data intelligence and enterprise integration.
“Our focus is clear. We will build more seamless connections to deliver relevant, timely, and intuitive financial solutions,” said Cariaso. “We want to serve our customers in ways that are not only accessible and secure, but meaningful and future-ready.”
Cariaso emphasized that RCBC must go beyond traditional offerings such as loans and deposits to stay competitive in today’s banking landscape. He also underscored the need to upgrade the bank’s approach, moving beyond basic transactions to a more scalable strategy using digital tools, data, and smarter systems to deepen client engagement.
“Our job is to integrate channels, data, and teams more effectively in order to deliver not just better products, but better outcomes. From payments to platforms to partnerships, everything must work together to create lasting value,” Cariaso further said.
Cariaso’s appointment reflects a carefully planned leadership transition that ensures both continuity and forward momentum for RCBC. It reaffirms the bank’s commitment to innovation, customer-focused service, and long-term growth in a rapidly evolving market. Backed by a strong foundation and a renewed strategic direction, RCBC is poised to continue delivering value to its stakeholders and communities for generations to come.
Acevedo will remain actively involved in the bank as a member of the Board of Directors.
