ADFIAP Board elects DBP CEO Cecilia Borromeo as 3rd Vice-Chair

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The ADFIAP Board of Directors, during its 88th meeting in Kyrenia, North Cyprus, has elected Ms. Cecilia C. Borromeo, President & CEO of the Development Bank of the Philippines (DBP) as one of the three ADFIAP Vice-Chairs which is provided for under the ADFIAP constitution. The other current Vice-Chairs are Mr. Nguyen Chi Trang of Vietnam Development Bank Ms. Fumiyo Harada of the Development Bank of Japan.

Ms. Borromeo is a consummate development banker with a wealth of experience in the field of development banking and finance gained from her 28 year stint in this field since she started her career with the Landbank of the Philippines (LBP) in 1989.

Prior to starting her career with the LBP, Ms. Borromeo has spent 9 years working with the Government with the following positions: Settlements Assistant of the Ministry of Human Settlements (1980-1981); Development Management Officer, Human Settlements Development Corporation (1981-1982); Unit Head, Management & Technical Services Unit, KKK National Secretariat (1983-1986); and Trade and Industry Specialist, Operational Planning, Department of Trade and Industry (1988).

Ms. Borromeo finished her Bachelor of Science in Agribusiness from the University of the Philippines (UP) and Master in Business Administration from the De La Salle Business School. She also took up Advanced Bank Management course at the Asian Institute of Management (AIM) where she was recognized with the following Awards: Superior Performance; Best Presentor of Asset and Liability Case and Most Professional Trader.

Ms. Borromeo has also completed the following Special Courses: Pacific Rim Bankers Program, Executive Education Foster School of Business, University of Washington, Seattle Washington and San Francisco, California, USA; International Study on Rural Banking and Finance, Massey University, Wellington, New Zealand. In addition, she has also attended various training programs in Europe, USA and the Asia-Pacific region.

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