RCBC Enters a New Era with Reggie Cariaso as President and CEO

Cariaso comes with almost 30 years of experience in global and local financial institutions.

The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) announced the appointment of Reginaldo “Reggie” Cariasco as its new President and Chief Executive Officer, effective July 1, 2025. Cariaso takes over from Eugene Acevedo, who retires after six years of leading the bank through its digital innovation and will remain as a member of RCBC’s Board of Directors.

RCBC earned multiple awards for digital innovation and financial inclusion under Acevedo, including recognition as the Philippines’ Best Bank for Digital by Asiamoney for four consecutive years.

Acevedo himself received several individual recognitions, including being one of The Business Manual’s CEO awardees in 2024.

Cariaso for his part, brings nearly 30 years of experience in both global and local financial institutions, occupying senior roles at the Bank of the Philippine Islands and JP Morgan Hong Kong after beginning his career as a lieutenant at the United States Navy Submarine Force.

At RCBC, he led its Operations Group and is credited for enhancing service delivery and streamlining processes, which helped strengthen the bank’s infrastructure and overall experience.  He was appointed as Deputy CEO in January 2025.

In his new role, Cariaso aims to strengthen RCBC’s position as a digitally driven, customer-first bank.

“Our focus is clear. We will build more seamless connections to deliver relevant, timely, and intuitive financial solutions,” said Cariaso in a statement.

Cariaso emphasized the need to make the bank future-ready, and integrate all systems to serve their customers better.

“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,” he added.

Cariaso’s appointment reflects a carefully planned leadership transition which ensures the bank’s continuity and forward momentum in the midst of a fast-evolving financial landscape.

RCBC is the country’s sixth largest bank in terms of assets, with total resources exceeding Php1.38 trillion. It operates a broad portfolio of services, including retail, corporate, and SME banking, as well as treasury, investment, and digital banking solutions. Its subsidiaries cover areas such as microfinance, leasing, remittances, and foreign exchange.