UnionBank CEO Ana Aboitiz-Delgado named first woman to head influential bankers group

Ana Aboitiz-Delgado
Bankers Association of the Philippines president 

Heiress Ana Aboitiz-Delgado, president and CEO of Union Bank of the Philippines, has been elected president of the Bankers Association of the Philippines (BAP), becoming the first woman to lead the industry group in its nearly 80-year history.

She replaces Jose Teodoro K. “TG” Limcaoco, CEO of Bank of the Philippine Islands (BPI), who wrapped up a two-year term after being chosen to lead the BAP in 2023, InsiderPH learned on Monday. 

Elfren Antonio S. Sarte, BPI executive vice president, head of payments council, is also Incoming BAP managing director.

Aboitiz-Delgado, a fifth-generation member of the Aboitiz family, steps into the role after more than two decades with UnionBank.

She joined the Aboitiz-led lender as a management trainee in November 2003 and has since risen through the ranks to the banking giant’s top post. 

Over the years, she has overseen key businesses including SME banking, retail consumer finance, institutional banking, customer experience, and the bank’s digital channels.

The BAP is the main industry organization representing the country’s universal and commercial banks.

About the author
Miguel R. Camus
Miguel R. Camus

Miguel R. Camus has been a reporter covering various domestic business topics since 2009.

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