- Mr. Jun Palanca returns to the Philippines armed with close to 30 years of experience
Dutch financial institution ING has named veteran banker Mr. Jun Palanca as head of Wholesale Banking (WB) at its Manila Branch effective May 16, 2022, subject to regulatory confirmation.
Mr. Palanca will report to Anju Abrol, ING’s head of Wholesale Banking Asia Pacific and Hans B. Sicat, country head of ING in the Philippines.
“With a solid history in the Philippines that goes back to 1990, ING has a strong position in the country’s M&A, corporate advisory and capital markets. As head of WB Philippines, Mr. Palanca will be responsible for continuing our business momentum by executing the pillars of our Asia Pacific strategy to leverage ING’s global network, deepen our client relationships and strengthen our position as the ‘go-to bank’ for sustainable finance,” said Ms. Abrol.
A banking veteran with close to 30 years of experience, Jun worked at Citibank Philippines from 1993 to 1995 before joining ING’s project finance team in 1996.
He was with ING for 10 years and was director of Loan Syndications Asia before moving to Merrill Lynch in 2006. In 2010, Jun joined Sumitomo Mitsui Banking Corporation (SMBC) as regional head of Structured Finance Syndications, Export & Agency Finance and Aviation Finance and in 2016, he was appointed regional head of Loans Distribution Asia and head of Structured Credit Distribution.
He is returning to the Philippines after spending over 20 years in Singapore and Hong Kong.
“We are excited to welcome Mr. Palanca back to ING and to the Philippines. With such a broad experience across corporate and investment banking in Asia Pacific, we have no doubt that he will be able to lead the team in offering product and financing solutions that meet the growing needs of our clients,” said ING country head and managing director Mr. Sicat.
Mr. Palanca said: “I am looking forward to working with the strong team that we have at ING. The economic recovery in the Philippines presents a huge potential for our clients and we are committed to work hand-in-hand with them to tap into the market opportunities.”