Bangko Sentral ng Pilipinas (BSP) Governor and PDIC Chair Eli M. Remolona Jr. administered the oath of office of Directors Justice Lady P. Soriano and Imelda C. Tiongson during simple ceremonies held at the PDIC office in Makati City on Dec. 19, 2025.
Strengthening governance
PDIC, in a press statement, said the appointment of Soriano and Tiongson brings additional depth to the board, citing their extensive experience in banking, finance, governance, risk management, and financial technology.
As independent directors, they are expected to help ensure impartiality in policies governing deposit insurance and contribute to the integrity and soundness of the country’s deposit insurance system.
PDIC is the government instrumentality mandated to protect depositors and promote financial stability through deposit insurance, co-regulation of banks, and the liquidation of closed banks.
Financial sector expertise
Soriano is the chief finance officer of Synergy Grid and Development Philippines Inc., where she oversees financial management, planning, and regulatory compliance, including reporting to the Securities and Exchange Commission and the Philippine Stock Exchange.
She previously served as consultant for Calaca High Power Corp. and as assistant vice president of Development Bank of the Philippines.
Soriano also brings institutional knowledge to the board, having served as manager of the PDIC Financial Assistance Management Center from 1996 to 2006. She holds an economics degree from Ateneo de Manila University and a master’s degree in finance from De La Salle University.
Broad industry experience
Meanwhile, Tiongson has more than three decades of experience spanning banking and finance, audit and risk management, corporate governance, and information technology.
She is currently vice chair and trustee of the Institute of Corporate Directors, a trustee of Fintech Alliance PH and Womenbiz PH, and chair of the governance committee of the Management Association of the Philippines.
She is also president and consultant of OPAL SPV, focusing on the turnaround of distressed companies and assets, and serves as a lecturer in governance-related programs.
Tiongson previously held senior executive roles at Philippine National Bank and National Australia Bank.
She was involved in drafting key business legislation, including the Financial Institutions Strategic Transfer Corporation law, the Financial Rehabilitation and Insolvency Act, and the Revised Corporation Code, and served as a committee member of the BSP Open Finance Technical Group.
Tiongson holds an accountancy degree from the Royal Melbourne Institute of Technology in Australia.
Soriano and Tiongson complete the four-member private sector representation on the PDIC board, joining directors John Mark S. Frondoso and Luis Rey I. Velasco. —Ed: Corrie S. Narisma
