UnionBank-Citi deal

Union Bank of the Philippines completes the acquisition of Citi’s consumer banking business in the Philippines. UnionBank president and chief executive Edwin Bautista (third from left) and Citi Philippines chief executive and country officer Aftab Ahmed (fourth from left) lead the signing of the agreement. With them are (from left) Citi Philippines consumer bank head Manoj Varma, UnionBank chief customer experience officer and chief digital channels officer Ana Delgado, Citi Philippines country counsel Pia Lacson and UnionBank treasurer and global markets head Jose Emmanuel Hilado.